520701 Hollywood Way
Burbank, CA 91505
Active for $19,800,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 32,239 sqft
| MLS | SR24233145 |
| Year Built | 1990 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $19,800,000 |
| Structure Size | N/A sqft |
| Lot Size | 32,239 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Portfolio offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barrier to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025. Turn key offering both properties have great in place rents and offer ease of management as all units are remodeled. Current annual scheduled income is $1,546,272. Unit mix totals (1) 3+2, (31) 2+2 and (12) 1+1 spacious units. Several lofted ceiling fireplaces, patios, balconies, gated & controlled access & parking.
Listing information courtesy of: Levon Alexanian, Keller Williams World Media Center 8182391206. *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Nicholas Araujo
REALTOR
Direct: 661.234.6875
Email: Email Me
DRE: 02018445
DRE #01873088
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