Los Angeles, Residential Income – 711 N Hollywood Way, Burbank, CA 91505, USA -001-11-30T00:00:00-08:00
Well-maintained, pride of ownership apartments in a much sought-after area of Burbank. Eight 2-bedroom, two bath townhouses, eight 2-bedroom 2 bath, and eight 1-bedroom 1 bath. Built in 1989, all units have fireplace, central air, dishwasher, microwave and b
711 N Hollywood Way, Burbank, CA 91505, USA
$8,100,000 USD
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Address711 North Hollywood way Way, Burbank
Price$8,100,000
Year Built1989
Bedrooms Total0
Living Area20,438
Lot Size (Sq.Ft.)18,346
Listing ID17233268
StatusActive
Parcel Number2480014021
ZoningBUR4
Special ConditionsStandard
Days on Market92

Detailed Description: Well-maintained, pride of ownership apartments in a much sought-after area of Burbank. Eight 2-bedroom, two bath townhouses, eight 2-bedroom 2 bath, and eight 1-bedroom 1 bath. Built in 1989, all units have fireplace, central air, dishwasher, microwave and balcony. Individual water heaters. Tenant pays for electricity and gas. Owner owned and operated washers and dryers. Inspection of units upon signing of acceptable offer. Drive by only. Property sold as is. All units occupied. Current rents under market. Projected total income is on the conservative side. Full appraisal from April, 2017available upon request.

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Address Information
Address711 North Hollywood way Way, Burbank
Street PrefixNorth
Street SuffixWay
CityBurbank
Location (MLS Area)610 – Burbank
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code91505
Financial Information
Price per Square Foot$396.32
Price per Lot Square Foot$441.51
Special ConditionsStandard
Total Expenses$121,004
Gross Operating Income$449,778
Net Operating Income$328,774
Gross Multiplier18%
Improvements Amount$2,697,881
Land Value$1,640,683
Tax Year2000
Full Descriptions
Parcel Number2480014021
Detailed DescriptionWell-maintained, pride of ownership apartments in a much sought-after area of Burbank. Eight 2-bedroom, two bath townhouses, eight 2-bedroom 2 bath, and eight 1-bedroom 1 bath. Built in 1989, all units have fireplace, central air, dishwasher, microwave and balcony. Individual water heaters. Tenant pays for electricity and gas. Owner owned and operated washers and dryers. Inspection of units upon signing of acceptable offer. Drive by only. Property sold as is. All units occupied. Current rents under market. Projected total income is on the conservative side. Full appraisal from April, 2017available upon request.
Cooling DescriptionCentral
Appliances DescriptionGarbage Disposal, Dishwasher
Parking FeaturesCarport Attached, Assigned
Property parameters
Year Built1989
Living Area (Sq.Ft.)20,438
Lot Size (Sq.Ft.)18,346
Lot Size (Acres)0.42
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total24
ZoningBUR4
Stories Total2
Units Total24
Listed withDavid Wang (DW Real Estate Investments)