1848 North Hollywood Way

Burbank, CA 91505

$1,199,991
Price
4
Beds
4
Baths
2,477 Sq. Ft.
$484 / Sq. Ft.
2,477
Sq. Ft.
$484
per Sq. Ft.

Description

Back on market! Previously sold with multiple bids over list price! Run, don't walk! Prime investment opportunity in Burbank! This well-maintained 4-unit building offers four 1 bedroom, 1 bathroom units, making it a great rental property. Each unit has been thoughtfully cared for by the same owner for nearly 30 years. The property includes 2 laundry area set-ups, 2 two-car garages, newer copper plumbing, and a newer roof. With alley access and a convenient location in the heart of Burbank, this is...Back on market! Previously sold with multiple bids over list price! Run, don't walk! Prime investment opportunity in Burbank! This well-maintained 4-unit building offers four 1 bedroom, 1 bathroom units, making it a great rental property. Each unit has been thoughtfully cared for by the same owner for nearly 30 years. The property includes 2 laundry area set-ups, 2 two-car garages, newer copper plumbing, and a newer roof. With alley access and a convenient location in the heart of Burbank, this is an ideal chance to invest in a highly desirable rental market. Don't miss this rare opportunity!
  1. Listed by Bradley Korb • DRE #00698730 • Brokerage DRE #01160663 • Brad Korb Real Estate Group • brad@bradkorb.com

Property Details for 1848 North Hollywood Way

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2477
Assessor Parcel Number
2437-002-017
Property Attached YN
true
LISTING UPDATED: 11/14/2024 05:50 AM

Property Details for 1848 North Hollywood Way

StatusActive
MLS #BB24186845
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.12 AC / 5,400 SF
CountyLos Angeles County

Building Information for 1848 North Hollywood Way

Stories1Residences-Year Built1947Building Size-Lot Size0.12 AC / 5,400 SF

Property Information for 1848 North Hollywood Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $71,340
  • Gross Scheduled Income: $71,340
  • Net Operating Income: $53,970
  • Gross Multiplier: 16.81
  • Cap Rate: 4.5
Expense Details
  • Operating Expense: $17,370
  • New Taxes Expense: $15,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Trash Expense: $0
  • Water Sewer Expense: $370
  • Total Expenses: $17,370
Tax / Assessment Info
  • Tax Tract Number: 9497
  • Tax Census Tract: 3110.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 218
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: living room
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1848 North Hollywood Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1848 North Hollywood Way

Taxable ValueLand$192,170Additions$157,969Total$350,139
Tax Record2024$4,197 ($350 / month)
Home Facts
Total Finished SqFt2,477 SqFtAbove Grade Finished SqFt2,477 SqFtLot Size5,408 SqFtStyleQuadraplexYear Built1947ZoningBUR4*CountyLOS ANGELESAPN2437-002-017

Schools near 1848 North Hollywood Way

This home is within Burbank Unified School District.
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

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.

Similar Homes

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Similar Sold Homes

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1848 North Hollywood Way is a multi-family home for sale in Burbank, CA 91505. This property was listed for sale on September 18, 2024 by Brad Korb Real Estate Group, it's currently listed at $1,199,991. This listing's school district is Burbank Unified School District. Nearby schools include Bret Harte Elementary School, Luther Burbank Middle School and John Burroughs High School. 1848 North Hollywood Way is a 4-bed, 4-bath, 2,477 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brad Korb Real Estate Group, Bradley Korb, DRE #00698730

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.