Seller's Agent in 2024
Deion Gerhard
Century Property Mngmt&Invest
(818) 841-3359
1 in this area
5 Total Sales
1509 N Hollywood Way Burbank, CA 91505
Northwest District Neighborhood
1
Bed
1
Bath
3,409
Sq Ft
8,089
Sq Ft Lot
Highlights
- Contemporary Architecture
- Property is near public transit
- Accessible Parking
- Bret Harte Elementary School Rated A
- Laundry Room
- Central Heating and Cooling System
About This Home
As of November 20246-Unit Apartment Building with Timeless Design in Prime Burbank Location
Discover an exceptional investment opportunity in the heart of Burbank with this retro-inspired 6-unit apartment building. Located in a highly sought-after area, this property offers a blend of comfort, convenience, and modern living.
6 spacious 1-bedroom, 1-bathroom units featuring central air, dishwashers, private patios, an on-site laundry room, and 6 dedicated parking spaces.
Each unit has been updated with stylish finishes and modern amenities, ensuring a comfortable living experience for tenants.
The building boasts an attractive vintage exterior with mid-century architectural elements that enhance its curb appeal and draw interest from potential renters.
Centrally located and close to major studios, this property provides easy access to shopping, dining, entertainment, and transportation options. The highly desirable units maintain a very low vacancy rate, ensuring consistent rental income and a stable investment.
The prime location and updated units make this property a top choice for renters, contributing to its strong rental performance. Don’t miss this rare opportunity to own a premium rental property in one of Burbank’s most desirable locations.
Please respect the privacy of current tenants. All offers are subject to inspection by qualified buyers. Serious inquiries only. Please do not disturb tenants.
Last Agent to Sell the Property
Century Property Mngmt&Invest Brokerage Phone: 818-269-7532 License #01267639 Listed on: 06/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,275
Year Built
- Built in 1949
Lot Details
- 8,089 Sq Ft Lot
- Two or More Common Walls
- Front Yard Sprinklers
Home Design
- Triplex
- Contemporary Architecture
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,409 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Driveway
- Parking Lot
- Off-Street Parking
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Additional Features
- Accessible Parking
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 10
- Tax Tract Number 8077
- Assessor Parcel Number 2436025005
- $879 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Fuel Expense $1,716
- Gardener Expense $900
- Insurance Expense $3,803
- Maintenance Expense $4,195
- Pest Control $540
- Professional Management Expense $8,048
- Water Sewer Expense $4,437
- Operating Expense $23,716
- Gross Income $117,000
- Net Operating Income $92,684
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2024
Closed on
Oct 3, 2024
Sold by
James Hanson And Laura L Hanson Family T and Hanson Laura L
Bought by
Chao Family Trust and Chao
Seller's Agent
Deion Gerhard
Century Property Mngmt&Invest
Buyer's Agent
Huiling Chan
Beverly and Company, Inc.
List Price
$1,695,000
Sold Price
$1,595,000
Premium/Discount to List
-$100,000
-5.9%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,906
Avg. Annual Appreciation
4.81%
Purchase Details
Closed on
Feb 22, 2024
Sold by
Franklin Holdings Llc
Bought by
James Hanson And Laura L Hanson Family Trust and Hanson
Purchase Details
Closed on
Oct 13, 2023
Sold by
Franklin Holdings Llc
Bought by
2006 James Hanson And Laura Hanson Family Tru and Hanson
Purchase Details
Closed on
Apr 30, 2007
Sold by
Hanson Thomas J and Hanson Moira E
Bought by
Franklin Holdings Llc
Purchase Details
Closed on
Jun 27, 2005
Sold by
Bergman Glenn E and Bergman Diana L
Bought by
Hanson Tom and Hanson Moira
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
5.56%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 24, 2002
Sold by
Bison Michelle
Bought by
Bergman Glenn E and Bergman Diana L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.8%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,595,000 | California Best Title Company | |
| Grant Deed | $271,000 | Chicago Title Company | |
| Gift Deed | -- | Accommodation/Courtesy Recordi | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $775,000 | -- | |
| Grant Deed | -- | Chicago Title Co | |
| Grant Deed | $29,500 | -- | |
| Grant Deed | $29,500 | -- | |
| Grant Deed | $29,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $335,000 | Commercial | |
| Previous Owner | $128,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $1,595,000 | -5.9% | $468 / Sq Ft |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | For Sale | $1,695,000 | 0.0% | $497 / Sq Ft |
| 09/03/2024 09/03/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | Price Changed | $1,695,000 | -3.1% | $497 / Sq Ft |
| 06/09/2024 06/09/24 | For Sale | $1,750,000 | -- | $513 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,275 | $1,595,000 | $1,115,000 | $480,000 |
| 2024 | $12,275 | $1,038,321 | $810,565 | $227,756 |
| 2023 | $12,151 | $1,017,963 | $794,672 | $223,291 |
| 2022 | $11,625 | $998,004 | $779,091 | $218,913 |
| 2021 | $11,572 | $978,436 | $763,815 | $214,621 |
| 2019 | $11,125 | $949,417 | $741,161 | $208,256 |
| 2018 | $10,920 | $930,802 | $726,629 | $204,173 |
| 2016 | $10,330 | $894,660 | $698,414 | $196,246 |
| 2015 | $10,128 | $881,223 | $687,924 | $193,299 |
| 2014 | $10,133 | $863,962 | $674,449 | $189,513 |
Source: Public Records
Agents Affiliated with this Home
-
Deion Gerhard
-
Huiling Chan
Buyer's Agent in 2024
Huiling Chan
Beverly and Company, Inc.
(818) 281-1333
4 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB24117358
APN: 2436-025-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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