Exclusive Listings

Townhome-Style Fourplex - Value-Add - ALL Large 2 Bedrooms - Prime Location in Burbank

Address:
7545 N Hollywood Way
Burbank, CA 91505
Price:
$1,580,000
Status:
Available
Type:
Apartment
# Units:
4
Year Built:
1964
Building Size:
3,748
Lot Size:
6,491
CAP Rate:
3.5%
GRM:
17.94x
Price/Unit:
395,000
Price/SqFt:
422

INVESTMENT HIGHLIGHTS

  • Superb location in Burbank, just south of the 5 FWY
  • Opportunity to build!  Zoning allows up to 10 total units*!
  • Long-time owner - since 2003! TRUE VALUE ADD OPPORTUNITY  
  • Suitable for a 1031 exchange buyer, owner-user, or a long-term investor
  • Located in a strong submarket with high barriers to entry, low vacancy rate, and high rent growth
  • Excellent access to 5 FWY, Burbank Metrolink Station, and downtown Los Angeles 
  • Investment only requires a 20%-25% down payment!
  • Easy to maintain property as-is, yet provides upside potential making this as a truly pride-of-ownership luxury apartment 
  • Long-time tenants with an estimated ±20% rental upside potential  
  • 1 unit to be delivered vacant

PROPERTY HIGHLIGHTS

  • Superb unit mix with ALL (4) 2-bedroom 1.5-bath townhome-style units  
  • Semi-Upgraded property with recent capital improvements
  • Large lot size with abundant parking (12 total spaces)
  • Low-maintenance landscaping
  • Each unit has washer and dryer hookups, water heater, and a private patio; separately metered for gas and electric

*Buyer to verify



EXECUTIVE SUMMARY

The Growth Investment Group is proud to present 7545 N Hollywood Way, a well-maintained 4-unit investment in the highly desirable city of Burbank, California.  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 the 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.  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 private patios. The property also features a newer roof and upgraded electrical panels with 3 dedicated parking spaces for each unit.   

LOCATION AND ACCESS

7545 N Hollywood Way is located in the highly desirable city of Burbank, a highly desirable rental market known as the media capital of the world - home to Disney Studios, Warner Brothers, and NBC.  The city has over 80 restaurants, 30 movie screens, and 200 stores.  Burbank is a community that combines urban living and metropolitan convenience.  It continues to be a safe, convenient place to raise a family, conduct business, and enjoy Southern California at its best.

The property is surrounded by single-family homes with nearby churches, community parks, shopping centers, entertainment and public libraries and recreation; superb access to 5 FWY, the Burbank Metrolink Station and 20 minutes to downtown Los Angeles - between N Glenoaks Blvd and N San Fernando Blvd, just south of the 5 FWY.  Minutes to Hollywood Burbank Airport, the largest IKEA in the US, Burbank Empire Shopping Center, downtown Burbank, the Burbank Mall, Forest Lawn, Griffith Park, and the LA Zoo.


Due Diligence


Broker Contact

Jeanelle Mountford
Direct: (818) 839-0222
[email protected]

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: [email protected]
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