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34468222
34468212

1218 North Hollywood Way, Burbank, CA 91505 For Sale

BK
CA 00698730
The Brad Korb Real Estate Group
Listed by The Brad Korb Real Estate Group
$899,998
2 days on market
Updated 1 day ago

1218 North Hollywood Way

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,120
Units 2
Cap Rate 3.60%
NOI $31,647
Occupancy 50%
Buildings 1
Stories 1
Lot Size (SqFt) 2,750
Parking Spaces 2 spaces
Parking per 1,000 SqFt 1.79
Ground Lease No

Multifamily | 3.60% CAP | 2 Units

Marketing description

Rare investment opportunity in the highly sought-after Magnolia Park neighborhood! Proudly family-owned for more than 36 years, this well-maintained duplex offers exceptional versatility for investors, owner-occupants, or multi-generational living. Situated on a 2,750 square foot lot with 1,120 square feet of living space, the property features two separate residences, each offering privacy and functionality. The front unit features 1 bedroom, 1 bathroom, and a private yard, creating an ideal outdoor retreat for relaxing, entertaining, or gardening. The rear unit offers 2 bedrooms and 1 bathroom with a comfortable and efficient floor plan designed for everyday living. A detached 2-car garage provides valuable off-street parking, additional storage, or potential future possibilities. Located in the heart of Magnolia Park, this property is just minutes from the neighborhood's popular boutiques, restaurants, coffee shops, parks, studios, and convenient transportation options. Whether you're looking to live in one unit while generating rental income from the other, accommodate extended family, or add a quality asset to your investment portfolio, this is a rare opportunity to own a property in one of the area's most desirable and established neighborhoods. With long-term ownership, an outstanding location, and flexible living arrangements, this duplex offers endless potential for its next owner.
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Listing Contacts

BK
CA 00698730
The Brad Korb Real Estate Group
Listed by The Brad Korb Real Estate Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$31,647.00
$2,637.25/mo

Valuation Metrics

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DSCR
3.52%
Cap Rate
3.52%
ROI

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