1515 N Hollywood, Burbank, CA 91505

Burbank
Local realty services provided by:ERA North Orange County Real Estate
1515 N Hollywood,Burbank, CA 91505
$1,550,000
  • 6 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.
MLS#:SB26136610
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,550,000

About this home

1515 N Hollywood Way presents a rare opportunity to acquire a fully vacant 4-unit apartment building in the highly desirable Burbank market. Built in 1948, the property totals approximately 2,908 square feet on a 5,380 square foot lot and is comprised of (2) 2Bed+1Bath unit and (2) 1Bed+1Bath units. With all units delivered vacant, a new owner has the immediate ability to lease at market rents, select their own tenants, renovate further, or reposition the asset without existing tenant complications. The property has been improved with new paint and offers strong pro forma income potential, with projected scheduled gross income of $141,600 annually based on market rent assumptions of $3,500/month for the 2Bed+1Bath units and $2,400/month for each 1Bed+1Bath unit. At the list price of $1,550,000, the property is priced at $387,500 per unit and approximately $533 per building square foot, with a projected 6.52% cap rate and 10.95. GRM. A major value-add component is the ability to...

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Home facts

  • Listing ID #:SB26136610
  • Added:1 day(s) ago
  • Updated:June 24, 2026 at 07:40 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4

Finances and disclosures

  • Price:$1,550,000
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