91505 Homes with Apartment Subtype

If you're looking for a vibrant place to call home in California, look no further than zip code 91505. Situated in the bustling city of Burbank, in Los Angeles County, this area offers a desirable location with plenty of amenities and attractions.

Burbank, often referred to as the "Media Capital of the World," is home to major film studios and entertainment companies. With a thriving arts and culture scene, residents of zip code 91505 can enjoy an array of theaters, museums, and galleries. The city also boasts excellent shopping and dining options, ensuring there's always something to do or explore.

One of the appealing features of homes in zip code 91505 is the availability of apartments. Whether you're a young professional seeking a convenient living space or a small family looking for a cozy home, the apartments in this area are a great option. With a variety of sizes and styles, you can find the perfect apartment to suit your needs.

Living in zip code 91505 also means being part of a tight-knit community. The area offers excellent schools, parks, and recreational facilities, making it an ideal place for families. Additionally, the proximity to major highways and public transportation makes commuting a breeze.

So, if you're searching for a home in a vibrant city with a variety of apartment options, zip code 91505 in Burbank, CA, is worth considering. With its convenient location, amenities, and community spirit, this area has something for everyone.

Newest 91505 Homes with Apartment Subtype

$1,525,000

SB26136610 MLS ⋅ Active Status

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 $1,525,000, the property is priced at $381,250 per unit and approximately $524 per building square foot, with a projected 7.67% cap rate and 9.93 GRM. A major value-add component is the ability to potentially add up to 4 ADUs, creating a significant upside path for a buyer to explore. With the property fully vacant and existing garage/parking improvements already on site, the asset gives investors a clean opportunity to stabilize the current four units while also evaluating additional rental income through ADU development. Buyer to verify all ADU feasibility, zoning, permits, CUP requirements, and development standards with the City of Burbank. Located along Hollywood Way in Burbank, the property benefits from proximity to Magnolia Park, the Media District, Warner Bros. Studios, The Walt Disney Company, ABC Television, shopping, dining, and major employment centers. Unlike properties located in the City of Los Angeles, this Burbank asset is not subject to LA RSO. Burbank has its own tenant protections, and AB 1482 may apply, but the property is not under Los Angeles rent control.

1515 N Hollywood, Burbank

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.