520701 Hollywood Way

Burbank, CA 91505

$19,800,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

1990

calendar_month Built

Property 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

List Price $19,800,000
Status Active
MLS SR24233145
Type Residential Income
Subtype Apartment
Year Built 1990
Lot Size 32,239
Structure Size N/A
Courtesy Of Keller Williams World Media Center
Listing Agent Levon Alexanian DRE#00911091

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
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Exterior Information

Maps

Listing information courtesy of: Levon Alexanian, Keller Williams World Media Center 8182391206. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 13th, 2024 at 7:16 PM 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.