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SoldJun 10, 2022Residential Income

1425 North Hollywood Way

Burbank, CA 91505
Beds0
Baths0
Square Ft.1,169
$890,000
Listed for $875,000 · Sold Jun 10, 2022
Listing provided by Catharine Stevens, Real Value Properties

Perfect Triplex starter for investor in a convenient location. Three units consisting of 1 bedroom 1 bath and two studio units consist of a 1 - 1 bedroom 1 Bath unit and 2 studios with 3/4 baths. This income property is located in the Media Capitol of the world with easy access to the 134/5/and 101 freeways. Minutes… from all major movie studios, the Burbank airport, Amazon, public transportation, Magnolia Park shopping, the Chandler Bike path and the Empire center. Burbank is known for its award winning schools and high demand rental market. All units are currently occupied and are on month to month. The garage is rented separately for $275 per month and leased coin laundry generates approximately $40.00 per month. Improvements include: Earthquake retrofitted, new gas line in 2019 and most of the plumbing has been replaced. Unit B (Studio) remodeled. Low maintenance ease of management building with strong upside in rents. This is an exceptional opportunity for the first time investor or the savvy investor looking to add to their portfolio. Zoning BUR4*.

Listing Snapshot
Days online66
Last updatedMay 5, 2023
Property typeTriplex
Beds0
Full baths0
Square ft.1,169
Lot size0.06 Acres
Year built1945
MLS numberSR-22066549

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