1509 North Hollywood Way
Closed 11/1/24
Closed 11/1/24
Description
Discover an exceptional investment opportunity in the heart of Burbank with this retro-inspired 6-unit apartment building. Located in a highly sought-after area, this property offers a blend of comfort, convenience, and modern living.
6 spacious 1-bedroom, 1-bathroom units featuring central air, dishwashers, private patios, an on-site laundry room, and 6 dedicated parking spaces. Each unit has been updated with stylish finishes...6-Unit Apartment Building with Timeless Design in Prime Burbank Location
Discover an exceptional investment opportunity in the heart of Burbank with this retro-inspired 6-unit apartment building. Located in a highly sought-after area, this property offers a blend of comfort, convenience, and modern living.
6 spacious 1-bedroom, 1-bathroom units featuring central air, dishwashers, private patios, an on-site laundry room, and 6 dedicated parking spaces. Each unit has been updated with stylish finishes and modern amenities, ensuring a comfortable living experience for tenants. The building boasts an attractive vintage exterior with mid-century architectural elements that enhance its curb appeal and draw interest from potential renters. Centrally located and close to major studios, this property provides easy access to shopping, dining, entertainment, and transportation options. The highly desirable units maintain a very low vacancy rate, ensuring consistent rental income and a stable investment. The prime location and updated units make this property a top choice for renters, contributing to its strong rental performance. Don’t miss this rare opportunity to own a premium rental property in one of Burbank’s most desirable locations. Please respect the privacy of current tenants. All offers are subject to inspection by qualified buyers. Serious inquiries only. Please do not disturb tenants.
- Listed by Deion Gerhard • DRE #01267639 • Brokerage DRE #01900932 • Century Property Mngmt&Invest • 818-269-7532
Property Details for 1509 North Hollywood Way
Property Details for 1509 North Hollywood Way
| Status | Closed |
|---|---|
| MLS # | BB24117358 |
| Days on Market | 99 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1949 |
| Lot Size | 0.19 AC / 8,089 SF |
| County | Los Angeles County |
Building Information for 1509 North Hollywood Way
Property Information for 1509 North Hollywood Way
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $117,000
- Gross Scheduled Income: $116,400
- Net Operating Income: $92,684
- Laundry Income: $600
- Financing: Cash
- Operating Expense: $23,716
- Gardener Expense: $900
- Fuel Expense: $1,716
- Licenses Expense: $75
- Pest Control Expense: $540
- Insurance Expense: $3,803
- Maintenance Expense: $4,195
- Professional Management Expense: $8,048
- Trash Expense: $0
- Water Sewer Expense: $4,437
- Total Expenses: $23,716
- Tax Tract Number: 8077
- Tax Census Tract: 3112.00
- CFD/Mello-Roos Fee: $879
- Tax Lot: 10
- Accessibility Features: Parking
- Disability Access: Other Main Level Modifications
- Assessments YN: No
- Assessments: None
- Community Features: Sidewalks, Street Lights
- Laundry: Yes
- Laundry Features: Common Area, Dryer Included, Inside, Washer Included
- Laundry Equipment Own Lease: Own
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Flooring: Carpet, Laminate, Vinyl
- Roof: Composition
- Entry Location: Front
- Foundation Details: Slab
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers Timer
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Alley Paved
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned, Parking Space, Uncovered
- Uncovered Spaces: 6
- Open Other Spaces Total: 6
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Assigned, Asphalt, Off Street, On Site, Parking Space, Uncovered
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $9,875
- Unit Type Total Rent: $9,875
- Unit Type Pro Forma: 9875
- Unit Type Type: 1
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 0
- Number With Patio: 6
Property History for 1509 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 1509 North Hollywood Way
Schools near 1509 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 Century Property Mngmt&Invest, Deion Gerhard, DRE #01267639
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.