Portfolio offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barrier to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025. Turn key offering both properties have great in place rents and offer ease of management as all units are remodeled. Current annual scheduled income is $1,546,272. Unit mix totals (1) 3+2, (31) 2+2 and (12) 1+1 spacious units. Several lofted ceiling fireplaces, patios, balconies, gated & controlled access & parking.
Property Details
Price:
$19,800,000
MLS #:
SR24233145
Status:
Active
Baths:
0
Address:
520701 Hollywood Way
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
610burbank
City:
Burbank
Listed Date:
Nov 13, 2024
State:
CA
ZIP:
91505
Lot Size:
32,239 sqft / 0.74 acres (approx)
Year Built:
1990
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Schools
Interior
Exterior
Community
55+
Community Features
Biking, Curbs
Garage Spaces
0.00
Lot Features
Landscaped
Parking Spots
0.00
Pool Features
None
Sewer
Private Sewer
Stories Total
3
Water Source
Private
Financial
Map
Community
- Address520701 Hollywood Way Burbank CA
- Area610 – Burbank
- CityBurbank
- CountyLos Angeles
- Zip Code91505
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520701 Hollywood Way
Burbank, CA
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