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1509 Hollywood Way
Burbank, CA 91505
Sold
6-Unit Apartment Building with Timeless Design in Prime Burbank Location Discover an exceptional investment opportunity in the heart of Burbank with this retro-inspired 6-unit apartment building. Located in a highly sought-after area, this property offers a blend of comfort, convenience, and modern living. 6 spacious 1-bedroom, 1-bathroom units featuring central air, dishwashers, private patios, an on-site laundry room, and 6 dedicated parking spaces. Each unit has been updated with stylish finishes and modern amenities, ensuring a comfortable living experience for tenants. The building boasts an attractive vintage exterior with mid-century architectural elements that enhance its curb appeal and draw interest from potential renters. Centrally located and close to major studios, this property provides easy access to shopping, dining, entertainment, and transportation options. The highly desirable units maintain a very low vacancy rate, ensuring consistent rental income and a stable investment. The prime location and updated units make this property a top choice for renters, contributing to its strong rental performance. Don’t miss this rare opportunity to own a premium rental property in one of Burbank’s most desirable locations. Please respect the privacy of current tenants. All offers are subject to inspection by qualified buyers. Serious inquiries only. Please do not disturb tenants.
PROPERTY INFORMATION
| MLS # | BB24117358 | Lot Size | 8,089 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,695,000
Price Per SqFt: $ 497 |
DOM | 330 Days |
| Address | 1509 Hollywood Way | Type | Residential Income |
| City | Burbank | Sq.Ft. | 3,409 Sq. Ft. |
| Postal Code | 91505 | Garage | N/A |
| County | Los Angeles | Year Built | 1949 |
| Bed / Bath | 6 / 0 | Parking | 6 |
| Built In | 1949 | Status | Closed |
| Sold Date | 2024-11-01 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Dryer Included, Inside, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Carpet, Laminate, Vinyl |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Roof | Composition |
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,808
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/01/2024 | Sold | $1,595,000 |
| 09/26/2024 | Pending | $1,695,000 |
| 09/12/2024 | Active | $1,695,000 |
| 09/04/2024 | Pending | $1,695,000 |
| 08/13/2024 | Price Change | $1,695,000 (-3.14%) |
| 06/09/2024 | Listed | $1,750,000 |
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(844)-333-8033
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Listing provided courtesy of Deion Gerhard, Century Property Mngmt&Invest. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
