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1799 N Hollywood Way
For Sale $3,895,000 ($418.55 per Sq Ft)
$3,895,000 ($418.55 per Sq Ft)
- 13 Units
- 9,306 Sq Ft
- 10,154 Sq Ft
- Unknown Cap Rate
Description
Situated near the popular Magnolia Park neighborhood, the property occupies a corner lot within a quiet area surrounded by mostly single-family residences. Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. The current owners have completed all seismic retrofit repairs (Buyer to verify), saving a new investor from an otherwise costly maintenance expense. The property also offers investors a strong supplemental revenue stream via its landlord-owned laundry facilities. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and DreamWorks Animation.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,895,000 |
| Property Type | Multi-Family |
| Usable Sqft | 9,306 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2436011001 |
| MLS # | 25610503 |
| Property ID | 292450885 |
| Lot Sqft | 10,154 |
| Zoning | BUR4* |
| Total Units | 13 |
| Days on Market | 67 |
| Original List Price | $3,895,000 |
| Date Updated | November 01, 2025 |
| Date Created | October 24, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,725 | $1,895 |
| Unit #2 | 1 | 1.00 | $1,967 | $22,950 |
| Unit #3 | 2 | 1.00 | $2,335 | $4,990 |
| Gross Income (Yr) | $ 320,208 |
| Operating Expenses | $ 99,869 |
| Net Income (Yr) | $ 210,956 |
| Cap Rate | 5.42% |
Listing Provided By
Roderick 'Rick' Raymundo an agent of . Lic #01357019
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Robert Crawford
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