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1799 N Hollywood Way
Burbank, CA 91505
5.42% CAP with Upside | All Seismic Complete · Multifamily Property For Sale
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13 Units
Investment Highlights
- Outstanding 5.42% CAP Rate with Upside in Attractive Burbank Location
- All Seismic Retrofit Repairs Completed (Buyer to Verify)
- Primarily Surrounded by Single Family Residences -- Adjacent to Thriving Magnolia Park Neighborhood
- Not Subject to Los Angeles Rent Control -- Burbank’s Rent Legislation Allows for Higher Rent Increases and is More Favorable to Owners
- Exquisitely Maintained Courtyard-Style Apartments with New Exterior Paint, Mostly Copper Plumbing
Property Facts
| No. Units | 13 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 9,306 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Zoning | BUR4* | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,306 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | BUR4* |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,725 | 450 |
| 1+1 | 10 | $1,945 | 675 |
| 2+1 | 2 | $2,335 | 1,000 |
Property Taxes
| Parcel Number | 2436-011-001 | Improvements Assessment | $2,457,709 |
| Land Assessment | $1,638,471 | Total Assessment | $4,096,180 |
Property Taxes
Parcel Number
2436-011-001
Land Assessment
$1,638,471
Improvements Assessment
$2,457,709
Total Assessment
$4,096,180
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