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233 - 237 N. Hollywood Way 233 N Hollywood Way 14 Unit Apartment Building $5,862,864 CAD ($418,776 CAD/Unit) 5.16% Cap Rate Burbank, CA 91505
INVESTMENT HIGHLIGHTS
- 14 units in Prime media district of Burbank
- Building features a fireplace in the front units, pitched roof, and units have been tastefully upgraded as the units have turned
- Burbank is subject to AF 1482 rent control
- Property is on two separate assessor parcel numbers and is situated on a 10,585 square foot lot
- Upside in existing rents
EXECUTIVE SUMMARY
Equity Union Commercial is proud to represent this 14 unit apartment building in an excellent rental pocket in Burbank.
The building was constructed in 1958. Its unit mix consists of (8) 1+1 units and (6) 2+1 units. With a lot size of 10,585
square feet, the property has a total of 11,260 rentable square feet.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the
world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and
200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the
Burbank Metro Link.
The building was constructed in 1958. Its unit mix consists of (8) 1+1 units and (6) 2+1 units. With a lot size of 10,585
square feet, the property has a total of 11,260 rentable square feet.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the
world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and
200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the
Burbank Metro Link.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $5,862,864 CAD | Property Subtype | Apartment |
| Price Per Unit | $418,776 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.16% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 12.73 | Building Size | 11,260 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Price | $5,862,864 CAD |
| Price Per Unit | $418,776 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.73 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,260 SF |
| No. Stories | 2 |
| Year Built | 1958 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 2482-012-009 | Improvements Assessment | $1,615,205 CAD (2025) |
| Land Assessment | $2,202,553 CAD (2025) | Total Assessment | $3,817,758 CAD (2025) |
PROPERTY TAXES
Parcel Number
2482-012-009
Land Assessment
$2,202,553 CAD (2025)
Improvements Assessment
$1,615,205 CAD (2025)
Total Assessment
$3,817,758 CAD (2025)
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233 - 237 N. Hollywood Way | 233 N Hollywood Way
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