7545 N Hollywood Way | Burbank, CA 91505
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- LoopNet Team
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 | Building Size | 3,728 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1964/2020 |
| Building Class | C | Parking Ratio | 3.22/1,000 SF |
| Lot Size | 0.15 AC |
| 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
| Parcel Number | 2405-011-037 | Improvements Assessment | $291,077 |
| Land Assessment | $212,980 | Total Assessment | $504,057 |
PROPERTY TAXES
Parcel Number
2405-011-037
Land Assessment
$212,980
Improvements Assessment
$291,077
Total Assessment
$504,057
ZONING
| Zoning Code | LAR3 |
| LAR3 |
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