Home | Los Angeles County | Burbank | 91505 | 1515 N Hollywood
MLS: CRSB26136610 | Status: Active | Price: $1,550,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,382 | 1948 |
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 $1,550,000, the property is priced at $387,500 per unit and approximately $533 per building square foot, with a projected 6.52% cap rate and 10.95. 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 i
| Field | Value |
|---|---|
| MLS # | CRSB26136610 |
| MLS Source | California Regional MLS |
| Days on Site | 7 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
License #: 02035763
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 11001 Hortense St | $1,750,000 | – | – | – | |
| 5629 Cleon | $1,285,000 | – | – | – | Active |
| 2300 Tulare | $1,825,000 | – | – | – | |
| 1820 N Hollywood | $1,275,000 | – | – | – | Active |
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This listing information is up-to-date as of June 24, 2026. For the most current information, please contact Cameron Samimi.