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1515 N Hollywood

Burbank, CA 91505
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Bed 6

Bed

Bath 4

Bath

SqFt5,382

Sqft(Lot)

Rare 100% VACANT Burbank fourplex offering immediate value-add and lease-up potential. Located in Burbank and not subject to City of Los Angeles RSO. 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 $2 80,800 annually based on market rent assumptions of $3,750/month for the 2Bed+1Bath units and $2,650/month for each 1Bed+1Bath unit. At the list price of $1,495,000, the property is priced at $373,750 per unit and approximately $514.10 per building square foot, with a projected 7.85% cap rate and 9.73 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,495,000

AD Id : 85765477

MLS Id : SB26136610

Beds : 6

Lot Size : 5,382 Sq. Ft

Year Built : 1948

Garage : 4

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1948
    Building Area Total: 2908
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 5382 Lot Size Acres: 0.1236 Lot Size Source: Assessor Lot Size Square Feet: 5,382 Lot Description: TwoToFiveUnitsAcre

  • Listing Price Information

    Listing Price: $1495000
    Original Price: $1550000
    Cash, CashToNewLoan, Conventional, FHA

  • Tax Information

    Parcel Number: 2436025004 Tax Lot: 7

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: From the 134 Freeway, exit Hollywood Way and head north. Continue north past Magnolia Blvd. Property is located on Hollywood Way at 1515 N Hollywood Way. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1038 N Buena Vista Street, Burbank, CA, 91505 $850,000 2 1 1,032 6,856 Sq. Ft
7643 Hollywood Way, Burbank, CA, 91505 $1,200,000 8 4 3,088 6,002 Sq. Ft
849 N Buena Vista, Burbank, CA, 91505 $799,000 2 1 1,048 6,821 Sq. Ft
7502 N Hollywood Way, Burbank, CA, 91505 $1,795,000 7 5 2,845 7,940 Sq. Ft
2514 W Chandler Boulevard, Burbank, CA, 91505 $1,595,000 4 3 2,051 7,027 Sq. Ft
541 N Naomi, Burbank, CA, 91505 $4,799,000 16 14 -- 7,877 Sq. Ft
1404 N Naomi Street, Burbank, CA, 91505 $1,525,000 4 3 2,141 6,021 Sq. Ft
825 N Naomi, Burbank, CA, 91505 $1,999,999 4 5 2,082 6,724 Sq. Ft
2912 W Riverside Drive, Burbank, CA, 91505 $1,875,000 4 -- 2,930 8,333 Sq. Ft
1847 N Fairview Street, Burbank, CA, 91505 $799,000 3 1 1,385 7,004 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/01/2026 @ 05:12

MLS: SB26136610 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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