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Burbank, CA 91505 1689 N Hollywood Way

$1,299,992

Sold: May 10, 2024
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Presented By: Bradley Korb with Brad Korb Real Estate Group; brad@bradkorb.com
  • MLS# BB24036643
  • 03/05/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 2,080
  • GarageGarage • 4

Home Details

Presenting an excellent opportunity for seasoned investors or those new to the real estate market, this 4-unit property in Burbank offers tremendous potential. Each unit comprises a generous layout featuring 1 bedroom and 1 bathroom, providing comfortable living spaces for tenants. Additionally, the property includes two 2-car garages situated at the rear, offering convenient parking solutions. Don't miss out on this chance to invest in the thriving Burbank area and grow your real estate portfolio.
Presented By: Bradley Korb with Brad Korb Real Estate Group; brad@bradkorb.com

General for 1689 N Hollywood Way

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCash
Cap Rate2.98
Carport Y/NNo
CityBurbank
Close Price1155000.0
Community FeaturesCurbs, StreetLights, Sidewalks
CountyLos Angeles
Days on Market29
DirectionsPepper / Wyoming
Entry Locationliving room
Garage Spaces4.0
Garage Y/NYes
Gross Income56400.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense695.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashtoNewLoan
Lot Size Square Feet6395.0
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income38726.0
New ConstructionNo
Operating Expense17674.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard, Trust
Standard StatusClosed
StatusClosed
Street NameHollywood
Tax Lot14
Taxes$16,250
Total Units4
Trash Expense0.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense375.0
Waterfront Y/NNo
Year Built1947
Year Built SourceAssessor
ZoningBUR4*

Interior for 1689 N Hollywood Way

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailVic@VicSells.com
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixWay
Total Stories1

Exterior for 1689 N Hollywood Way

Building Area Total2080.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.1468
Lot Size Area6395.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,299,992
MLS#BB24036643
List Date 03/05/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors