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7545 N Hollywood Way
Burbank, CA 91505

Multifamily Property For Sale · 4 Units

INVESTMENT HIGHLIGHTS

  • Superb location in Burbank, just south of the 5 FWY; Located in a strong submarket with high barriers to entry, low vacancy rate, and high rent growth
  • Suitable for a 1031 exchange buyer, owner-user, or a long-term investor
  • Long-time tenants with an estimated ±20% rental upside potential - all tenants pay on time, in full!
  • Long-time owner - since 2003! TRUE VALUE ADD OPPORTUNITY
  • Large lot size with abundant parking (12 total spaces)
  • Each unit has washer and dryer hookups, water heater, and a private patio; separately metered for gas and electric

PROPERTY FACTS

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.15 AC
Building Size 3,728 SF
Average Occupancy 50%
No. Stories 2
Year Built/Renovated 1964/2020
Parking Ratio 3.22/1,000 SF

UNIT AMENITIES

  • Washer/Dryer Hookup

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 4 - 937

PROPERTY TAXES

ZONING

Zoning Code LAR3
  • Listing ID: 21155001

  • Date on Market: 10/6/2020

  • Last Updated:

  • Address: 7545 N Hollywood Way, Burbank, CA 91505