711 N Hollywood Way

Burbank, CA 91505

  • 0 Bed(s)
  • 0 Bath(s)
  • 20,438 Sqft
  • 18352
    Sqft(Lot)
$10,800,000

Description

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 *

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47615807

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Property Details

  • Water/Sewer

    • Water Source : Private
    • Sewer : Private Sewer

  • Building Information

    • Year Built: 1989
    • Building Area Total: 20,438

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4213
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 18352

  • Listing Price Information

    • Original List Price: 10,800,000
    • Listing Contract Date: 2024-11-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2480014021

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 610 - Burbank
    • Postal Code Plus 4: 3127
    • Directions: .
    • Zoning: BUR4*
    • Source Property Type: Residential Income
    • Area: 610 - Burbank
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 35
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: curb
    • Property Attached: Yes
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BuyOwner last updated this listing 12/22/2024 @ 04:18

  • MLS: SR24231974
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 20,438 sqft, 18,352 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Burbank , in zip code 91505, this Los Angeles County Other are nearby neighborhoods.