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$10,800,000
41 Days On Site

711 N Hollywood Way
Burbank, CA 91505

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
20,438
SqFt
$528
/SqFt
1989
Built
County:
Los Angeles
Listed by Levon Alexanian of Keller Williams World Media Center [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 714-883-2943
Is this the home for you? We can help make it yours.
714-883-2943
711 N Hollywood Way711 N Hollywood Way711 N Hollywood Way711 N Hollywood Way
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We are pleased to offer for sale the Media Crest @701, a turn-key 24 units multifamily offering in the city of Burbank Ca. Comprised of fully upgraded and remodeled units and grounds, the offering requires virtually no capital upgrade requirements and is being delivered at 12.9 grm and 5.62% cap. Unit mix of (16) 2+2, (8) 1+1 are supplied with balconies/patios, fireplaces, dishwashers, central AC & heat, and are secured by gated parking and controlled access. Situated in the heart of Burbank, a thriving media and entertainment hub, this property offers proximity to major studios like Warner Bros., Disney, and NBC. Burbank is known for its strong rental demand and stable real estate market, making it an excellent location for apartment investment. Directly across the street is the "Ranch Lot Development" a $500,000,000 project being completed in 2025 is comprised of 926,000 sq ft media & office space. Burbank has a strong local economy driven by entertainment, tech, and media industries, making it a resilient market for residential real estate. The city’s ongoing development and economic growth provide a stable investment environment. With its central location and solid demand for rentals, Media Crest @701 is poised to continue to generate consistent cash flow. It represents a safe and reliable long-term investment in a high-demand area. Also available with sister property 520 N Hollywood Way, 20 units, if desired. * Contact Greg Alexanian for further details, tour dates and offering memorandum *

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Listing Snapshot
Price 
$10,800,000
Days On Site 
41 Days
Bedrooms 
N/A
Inside Area (SqFt) 
20,438 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4213 Acres
Year Built 
1989
MLS® Number 
SR24231974
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoStatus changed to Active
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.4213
Number Of Stories 
3
Property Sub Type 
Apartment
Sewer 
Private Sewer
Special Circumstances 
Standard
SqFt Total 
20438
Water Source 
Private
Zoning 
BUR4*
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Building Access 
curb
Community Features 
Curbs
Financing Terms Available 
Cash1031 Exchange
MLS Area 
610 - Burbank


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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