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1218 N Hollywood Way 2 Unit Apartment Building $1,261,734 CAD ($630,867 CAD/Unit) 3.52% Cap Rate Burbank, CA 91505
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$62,246
|
$55.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$62,246
|
$55.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,879
|
$15.96
|
| Net Operating Income |
$44,367
|
$39.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $62,246 |
| Annual Per SF | $55.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $62,246 |
| Annual Per SF | $55.58 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,879 |
| Annual Per SF | $15.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,367 |
| Annual Per SF | $39.61 |
Property Facts
| Price | $1,261,734 CAD | Building Class | C |
| Price Per Unit | $630,867 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,120 SF |
| Cap Rate | 3.52% | Average Occupancy | 50% |
| Gross Rent Multiplier | 20.27 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.79/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | BUR4* | ||
| Price | $1,261,734 CAD |
| Price Per Unit | $630,867 CAD |
| Sale Type | Investment |
| Cap Rate | 3.52% |
| Gross Rent Multiplier | 20.27 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,120 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | BUR4* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 1 | $1,542 CAD | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2477-011-035 | Improvements Assessment | $257,990 CAD |
| Land Assessment | $257,990 CAD | Total Assessment | $515,979 CAD |
Property Taxes
Parcel Number
2477-011-035
Land Assessment
$257,990 CAD
Improvements Assessment
$257,990 CAD
Total Assessment
$515,979 CAD
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1218 N Hollywood Way
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