Burbank, CA 91505,1665 N Hollywood WAY,Video Tour

$1,445,000

$1,329,000

8.7%
Est.Price: ?

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Est. payment /mo

2,080 SqFt


SOLD DATE : 08/08/2023

Key Details

Sold Price $1,445,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,080 sqft

Price per Sqft $694

MLS Listing ID SR23121243

Sold Date 08/08/23

Construction Status Turnkey

HOA Y/N No

Year Built 1947

Lot Size 6,390 Sqft

Acres 0.1467

Property Description

Welcome to this well cared for, charming 4 plex with EXCELLENT rents and stable tenants, so you’re guaranteed to collect rent. Each unit features 1 bedroom with a large closet & 1 bathroom, kitchens with quaint dining areas, and built-in shelving in the living rooms. Each unit has either a window, a wall or a portable AC unit and wall heater, to keep your tenants comfortable. 3 units have been updated with newer vinyl plank flooring & fresh paint. The property is self-sustaining, all 4 back doors, as well as the water heater closet doors have recently been replaced, the exterior has been freshly painted & the well-maintained yard has automatic sprinklers to keep the grass looking picture perfect! Tenants have space to BBQ or sit out under the stars in their designated back patio space .

The 2 two car garages conveniently share a wall with the back unit making it the PERFECT owner-occupied space with room to expand. Convert half of the garage to add over 450 sq/ft to your owner’s unit plus, add direct access from the other half of the garage to include your own private owner 2 car garage parking: while collecting rent from the other tenants. If owner occupancy is not in your future, you can offer the garage space to the tenants, rent the garages out separately or convert the space into an ADU.

There is also a 5th parking space next to the garage making parking issue’s something this building will never have to worry about.

With this property the possibilities are endless. These units are close to the studios, the Burbank Airport, the 134 freeway, 5 freeway, public transportation and many walkable businesses. Don’t miss out on your opportunity to own this multi opportunity property. PLEASE DO NOT GO ON THE PROPERTY & PLEASE DO NOT DISTURB THE TENANTS

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Rooms

Ensuite Laundry None

Interior

Interior Features All Bedrooms Down

Laundry Location None

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Door-Multi, Garage, On Site, Off Street, Oversized, Paved, Private, Garage Faces Rear, One Space, See Remarks

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Parking Type Door-Multi, Garage, On Site, Off Street, Oversized, Paved, Private, Garage Faces Rear, One Space, See Remarks

Total Parking Spaces 5

Private Pool No

Building

Lot Description Lawn

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 2436012005

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Cari Pelayo • HomeSmart Evergreen Realty
Bought with Barbara Noriega • eXp Realty of California, Inc.
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