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    7545 N Hollywood Way

    Burbank, CA 91505
    • $1,495,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: AR20205265
    Price Reduced
    UPDATED: 55 min ago
    $1,495,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,748
      SQFT
    • $399
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    7545 N Hollywood Way is a well-maintained 4-unit investment. This prime opportunity is perfect for an owner-user, value-add investor, apartment developer, or an investor looking to acquire a superbly located property in one of the strongest submarkets in Los Angeles County. The property is located on a highly convenient street surrounded by residential homes and apartments. Situated on a lot size of 6,491 SF with a total building size of 3,748 SF, it features an excellent unit mix of a 2-bedroom 1.5-bath townhome-style fourplex - each unit is approximately 937 SF. Built in 1964, the property has undergone some recent renovation and has been impeccably maintained for its future owner. Each unit is spacious and bright; it has been renovated with laminate wood flooring, countertops, and bathroom vanities; stainless steel appliances; separately metered for gas and electricity, with laundry hookups and 80 SF private patios. The property also features a newer roof and upgraded electrical panels with 3 dedicated parking spaces for each unit. Opportunity to build 8-10 units (Buyer to verify with the City).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T23:29:22.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110608276
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    7545 N Hollywood Way Burbank, CA 91505

    • Price: $1,495,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: AR20205265
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,748
    SQFT
    $399
    $/SQFT
    1964
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    7545 N Hollywood Way is a well-maintained 4-unit investment. This prime opportunity is perfect for an owner-user, value-add investor, apartment developer, or an investor looking to acquire a superbly located property in one of the strongest submarkets in Los Angeles County. The property is located on a highly convenient street surrounded by residential homes and apartments. Situated on a lot size of 6,491 SF with a total building size of 3,748 SF, it features an excellent unit mix of a 2-bedroom 1.5-bath townhome-style fourplex - each unit is approximately 937 SF. Built in 1964, the property has undergone some recent renovation and has been impeccably maintained for its future owner. Each unit is spacious and bright; it has been renovated with laminate wood flooring, countertops, and bathroom vanities; stainless steel appliances; separately metered for gas and electricity, with laundry hookups and 80 SF private patios. The property also features a newer roof and upgraded electrical panels with 3 dedicated parking spaces for each unit. Opportunity to build 8-10 units (Buyer to verify with the City).
    Exterior Features

    Garage Spaces 0.00 Lot Features Paved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 12.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features In Kitchen

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 88068.00 Gross Scheduled Income 88068.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 55494.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 3 Operating Expense 29932.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 29932.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Other Zoning Lar3

    Listing provided courtesy of Jeanelle Mountford of Gig Real Estate Inc. and Leo Shaw of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T23:29:22.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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