1423 North Hollywood Way
Description
3 interior electrical panels upgraded
3 exterior panels upgraded...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. 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
- Listed by Anju Kohli • DRE #02056635 • Brokerage DRE #01811831 • Equity Union • 310-404-6955
Property Details for 1423 North Hollywood Way
Property Details for 1423 North Hollywood Way
| Status | Active |
|---|---|
| MLS # | SR24197556 |
| Days on Market | 75 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1953 |
| Lot Size | 0.06 AC / 2,689 SF |
| County | Los Angeles County |
Building Information for 1423 North Hollywood Way
Property Information for 1423 North Hollywood Way
- Tenant Pays: All Utilities, Trash Collection
- Gross Income: $61,980
- Gross Scheduled Income: $61,980
- Vacancy Allowance Rate: 0
- Gross Operating Income: $61,980
- Net Operating Income: $52,199
- Cap Rate: 4.75
- Operating Expense: $9,781
- Operating Expense Percent: 16.00%
- New Taxes Expense: $5,437
- Gardener Expense: $1,440
- Fuel Expense: $480
- Insurance Expense: $1,824
- Trash Expense: $0
- Water Sewer Expense: $600
- Total Expenses: $9,781
- Tax Annual Amount: $5,437
- Tax Tract Number: 8
- Tax Census Tract: 3112.00
- CFD/Mello-Roos Fee: $190
- Tax Lot: 22
- Assessments YN: No
- Assessments: None
- Community Features: Suburban
- Appliances: Gas Range
- Equipment: Inside
- Room Type: All Bedrooms Down
- Bedroom Features: All Bedrooms Down
- Laundry: Yes
- Laundry Features: Inside
- Cooling: Wall/Window Unit(s)
- Heating Type: Electric
- Heat Source: Electric
- Heating: Electric
- Flooring: Laminate
- Window Features: Double Pane Windows
- Exterior Features: Barbecue Private
- Roof: Shingle
- Entry Location: multiple
- Fence: Yes
- Fence: Wood
- Fencing: Wood
- Foundation Details: Raised
- Property Condition: Updated/Remodeled
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Green Energy Efficient: Water Heater
- Green Water Conservation: Water-Smart Landscaping
- Lot Features: 2-5 Units/Acre
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Road Frontage Type: City Street
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage: On street, Uncovered
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Street, Uncovered
- Unit Type Units Total: 3
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $5,475
- Unit Type Total Rent: $5,475
- Unit Type Pro Forma: 6900
- Unit Type Type: 1
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 3
- Number With Range: 3
- Number With Refrigerator: 3
- Number With Disposal: 2
- Number With Drapes: 3
- Number Wall AC: 3
Property History for 1423 North Hollywood Way
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1423 North Hollywood Way
Schools near 1423 North Hollywood Way
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Bret Harte Elementary School PublicK to 5 | ||
Luther Burbank Middle School Public6 to 8 | ||
John Burroughs High School Public9 to 12 | ||
Burbank Unified Independent Learning Academy (Buila) PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Equity Union, Anju Kohli, DRE #02056635
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.