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1425 N Hollywood WAY Burbank, CA 91505
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Key Details
Sold Price $890,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22066549
Sold Date 06/10/22
HOA Y/N No
Year Built 1945
Lot Size 2,687 Sqft
Property Sub-Type Triplex
Property Description
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*.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area, Stacked
Exterior
Garage Spaces 1.0
Garage Description 1.0
Fence None
Pool None
Community Features Biking, Curbs, Dog Park, Park, Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2436026003
Energy Description 1837.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jack Tanner • Beach Cities Properties, Inc.