11649 Burbank Blvd - 11649 Burbank Blvd.
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11649 Burbank Blvd - 11649 Burbank Blvd.
1 Unit Apartment Building Offered at $985,000 at a 1.32% Cap Rate in North Hollywood, CA 91601
Investment Highlights
- Rare R3 lot with single family home
- Existing home is 2 bedroom one bath and 1094 square feet
- Excellent North Hollywood rental pocket adjacent to Valley Village
- Lot size is 6,548
- Can be sold together with 11655 Burbank Blvd
Executive Summary
Equity Union Commercial is proud to represent this single family resident in North Hollywood.
Its unit mix consists of (1) 2+1 unit. With a lot size of 6,548 square feet, the property has a total of 1,094 rentable square feet.
North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.
Its unit mix consists of (1) 2+1 unit. With a lot size of 6,548 square feet, the property has a total of 1,094 rentable square feet.
North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $985,000 | Lot Size | 0.15 AC |
| Price Per Unit | $985,000 | Building Size | 1,094 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 1.32% | Year Built | 1938 |
| No. Units | 1 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $985,000 |
| Price Per Unit | $985,000 |
| Sale Type | Investment |
| Cap Rate | 1.32% |
| No. Units | 1 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 1,094 SF |
| No. Stories | 1 |
| Year Built | 1938 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
1 of 1
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (84)
zoning
| Zoning Code | LAR3 |
| LAR3 |
-
Cindy Hill -
Equity Union Real Estate
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11649 Burbank Blvd - 11649 Burbank Blvd.
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