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1515 N Hollywood Way
Burbank, CA 91505
Asking Price
$1.55M
Cap Rate
6.52%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 4 Units | $387,500/unit <ul><li>Fully vacant Burbank 4-unit with immediate ability to lease at market rents</li><li>Projected $11,800/month in rent, $141,600 annual scheduled income, with a 6.52% cap at asking.</li><li>Priced at $387,500/unit in a high-barrier Burbank submarket with strong renter demand.</li><li>Outside LA City RSO, offering cleaner rent growth and management compared to LA rent-controlled assets.</li><li>Garage ADU conversion potential creates a real path to add income and increase future value.<
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NOI
$80,000
Cap Rate
5.16%
DSCR
0.87
Underwater
Cash-on-Cash
-2.59%
Monthly Payment
$7,668.554
Annual Cash Flow
$-12,022.651
