1423 Hollywood Way , Burbank, CA - 91505 is For Sale

  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
  • SR24197556
$1,100,000· Income property

Description

Perfect Burbank Triplex, of three studio units, in a great location. This income property is located with easy access to the 134/ 5/ and 101 freeways. Minutes from all major movie studios, the Burbank Airport, Amazon, public transportation, Magnolia Park shopping, the Chandler Bike path and the Empire Center. Burbank is known for wonderful schools and a high demand rental market. All units are currently occupied. Improvements include: 3 interior electrical panels upgraded 3 exterior panels upgraded Upgraded drains throughout the property. New toilets throughout New sinks throughout The whole property has a re-circulating hot water line (instant hot water throughout the unit). Unit A : New kitchen cabinets. 45 full grown ficus tress for privacy. Exterior Pation Space in Front of unit. Unit B: Middle unit, polished concrete floors throughout Unit C: Outdoor sink. Hot and cold water . [ Back yard exclusive ] [BBQ pit] natural gas line One parking spot available with this unit The property is separately metered for gas and electricity and has very low maintenance required with strong upside in rents. This is a wonderful opportunity for a first time investor or a savvy investor looking to add to their portfolio. Zoning BUR4 * R-4 High Density Residential

Features

MLS#: SR24197556
List Price : $1,100,000
Total Units : 3
CAP rate : $4.75
Gross Operating Income : $61,980
Net Operating Income : $52,199
Sq M : 250 M2
Year Built : 1953
Days on market : 27 Days
Gross taxes : N/A
Address : 1423 Hollywood Way
City : Burbank
State : CA
Zip Code : 91505
Neighborhood : N/A
Appliances : Gas Range
Foundation : Raised
Stories : 1
Laundry : Inside
Parking Features : Street, Uncovered
Sale Type : Standard
View : None
 
Property Type : Residential Income
Original List Price : $1,100,000
Acres : 0.0617
Lot Size (Acres) : 0.0617
Exterior Features : Barbecue Private
Heating : Electric
Water : Public
Sewer : Public Sewer
Parking Features : Street, Uncovered
Pool Desc : None
Cooling : Wall/Window Unit(s)
Flooring : Laminate
Roofing : Shingle
Rooms : All Bedrooms Down
Driving Directions : North of Burbank and East of Clybourn
Lot Features : 2-5 Units/Acre
 
Courtesy of : Anju Kohli , Equity Union

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