We are proud to present "The Burbank", a 21-unit condominium property located at 11616 Burbank Blvd in North Hollywood, CA. Built in 2018 to condo specications, this property is 100% free of all rent control. The 30,817 sqft building sits on a 0.42 acre lot, and it boasts an excellent unit mix (15) 2 Bed / 2 Bath condos and (6) 3 Bed / 2 Bath condos. All of these modern condos are very large, with the average 2-Bed at 1,387sf and the average 3-Bed at 1,575sf. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed).The property has gated parking on the ground oor with three levels of residential above. Each of the three residential oors have 7 condos with a stacked design. The condos are fully equipped with a high-end gourmet kitchen, stainless steal appliances and kitchen islands. Also included in each unit is a washer and dryer, balcony and exceptionally large space cabinetry and closets. The building is laying on a beautiful clean boulevard and is equipped with 8kwp solar panels and 9 EV chargers.Currently, this condo buildings is being operated as apartment rentals, and 21 condos are 100% occupied with all tenants paying rent. The 21 condos bring in a combined $66,500 of rent per month, or $798,000 per year. A recent r