$19,800,000
520701 Hollywood Way
Burbank, CA, 91505
Property Description
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 Under Contract
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
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
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Courtesy of Keller Williams World Media Center. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 520701 Hollywood Way
Burbank, CA
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