450 N Hollywood Way, Burbank, California 91505, Burbank, 91505 - bed, bath
ACTIVE$1,422,000
450 N Hollywood Way, Burbank, California 91505
0Bed
0Bath
1,848Sqft
7,013Lot
Year Built
1948
Close
-
List price
$1.42M
Original List price
$1.42M
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
GD25065024
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.42M(60th), sqft - 1848(50th), beds - undefined(50th), baths - undefined(50th).
Exceptional duplex in prime Burbank Media center location Cross the street from (THE WARNER BROS. RANCH) under development for offices and Sound Stages. each unit has two bedrooms with spacious living room and dining area. Rear unit has been recently remodeled and both units have been updated with newer electrical panel, Central HVAC, copper plumbing, partial sewer upgrade and many more. The property has great potential to add additional unit plus an ADU or just convert the detached two car garage to an ADU. Both units are tenant occupied, showing with acceptable offer only. Please do not disturb occupants.
Condition Rating
Good
Despite being built in 1948, the property benefits from significant recent upgrades including a newer electrical panel, Central HVAC, copper plumbing, and a partial sewer upgrade. The rear unit has been recently remodeled. The kitchen, as seen in the images, features newer laminate flooring and recessed lighting, though the light wood cabinets and white appliances are functional but somewhat dated in style. These updates make the property move-in ready with no immediate major renovations required, aligning with a 'Good' condition score, as major systems are functional and updated, even if some aesthetic elements are not cutting-edge.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Burbank Media Center, directly across from the developing Warner Bros. Ranch, offering excellent appreciation potential and tenant demand.
Income-Generating Duplex: An exceptional duplex with both units currently tenant-occupied, providing immediate rental income for the investor.
Extensive System Upgrades: Significant updates including newer electrical panel, Central HVAC, copper plumbing, and partial sewer upgrade, reducing immediate capital expenditure for a new owner.
Development Potential: Offers great potential to add an additional unit plus an ADU, or convert the detached two-car garage into an ADU, significantly increasing future income and property value.
Remodeled Unit: The rear unit has been recently remodeled, enhancing its appeal and potential rental income.
Cons
Restricted Access for Showings: Both units are tenant-occupied, and showings are only permitted with an acceptable offer, which can hinder buyer interest and thorough due diligence.
Age of Property: Built in 1948, despite recent upgrades, the property's age may present unforeseen maintenance challenges or require further investment in other original components.
Partial Sewer Upgrade: The description notes a 'partial sewer upgrade,' which could imply that not all sewer lines were replaced, potentially leading to future repair needs or concerns.