Deal numbers
- Est. cap rate
- 5.9%
- Assumed rent, all units
- $12,520/mo
- Units
- 4
- Price per unit
- $318,750
- Est. annual NOI
- $75,120
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $142,728
- Operating expenses
- $71,364
- Net operating income
- $71,364
- Annual debt service
- $76,343
- Annual cash flow
- -$4,979
- Cash on cash return
- -1.6%
- Down payment
- $318,750
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Quadruplex
- Bedrooms
- 4
- Building size
- 2,482 sqft
- Lot size
- 5,329 sqft
- Year built
- 1947
- Stories
- 1
- Garage spaces
- 4
- Style
- Bungalow
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 244299507
About this property
Situated in one of Burbank's most sought-after residential neighborhoods, 1820 N. Hollywood Way presents an outstanding opportunity to acquire a well-located four-unit apartment property. The property consists of four spacious 1-bedroom, 1-bathroom units totaling approximately 2,482 square feet on a 5,329-square-foot lot. Its low-density configuration and prime location make it an attractive investment for those seeking long-term value in one of Southern California's most resilient rental markets. The property benefits from Burbank's exceptional fundamentals, including a diverse employment base anchored by the entertainment industry, outstanding municipal services, highly rated schools, and convenient access to major transportation corridors. Located just minutes from major employers such as Warner Bros. Studios, Walt Disney Studios, NBCUniversal, Providence Saint Joseph Medical Center, and the Hollywood Burbank Airport, the property enjoys consistent tenant demand from professionals seeking quality housing close to work and lifestyle amenities.
Location
1820 N Hollywood
Burbank, Los Angeles, CA, 91505