This Multifamily Property is no longer advertised on LoopNet.com.
7545 N Hollywood Way
Burbank, CA 91505
Multifamily Property For Sale · 4 Units
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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 |
LINKS
PROPERTY TAXES
Parcel Number | 2405-011-037 | Improvements Assessment | $291,077 |
Land Assessment | $212,980 | Total Assessment | $504,057 |
ZONING
Zoning Code | LAR3 |
Listing ID: 21155001
Date on Market: 10/6/2020
Last Updated:
Address: 7545 N Hollywood Way, Burbank, CA 91505
The Multifamily Property at 7545 N Hollywood Way, Burbank, CA 91505 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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