233 N Hollywood Way - Multi-Family FOR SALE


Burbank, CA 91505- McNeil
$4,400,000 USD
818-640-4360
233 N Hollywood Way, Burbank, CA for Sale
$4,400,000 USD
Multi-Family - FOR SALE
1/44
null | 4.82% Cap Rate

233 N Hollywood Way
Burbank, CA 91505
McNeil


HIGHLIGHTS

  • 14 units in Prime media district of Burbank
  • Property is on two separate assessor parcel numbers and is situated on a 10,585 square foot lot
  • Building features a fireplace in the front units, pitched roof, and units have been tastefully upgraded as the units have turned
  • Upside in existing rents
  • Burbank is subject to AF 1482 rent control

OVERVIEW

Equity Union Commercial is proud to represent this 14 unit apartment building in an excellent rental pocket in Burbank. The building was constructed in 1958. Its unit mix consists of (8) 1+1 units and (6) 2+1 units. With a lot size of 10,585 square feet, the property has a total of 11,260 rentable square feet. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

14

PRICE/UNIT

$314,286

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

233 - 237 N. Hollywood Way

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,585 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.