711 N Hollywood Way
Burbank, CA 91505
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1989 build
- – on site
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 *
Last checked:
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Last updated Dec 4, 2024
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MLS# SR24231974 —
The Building
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Year Built:1989
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:20438.00
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Building Area Units:Square Feet
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Total Number Of Units:24
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# of Buildings:1
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Stories Total:3
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:25
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# of Separate Water Meters:25
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# of Separate Electric Meters:25
Interior
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Entry Location:curb
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Laundry:Common Area
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Laundry:1
Location
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Latitude:34.16283700
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Longitude:-118.34490500
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:BUR4*
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Lot Features:21-25 Units/Acre
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Lot Size Area:18352.0000
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Lot Size Acres:0.4213
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Lot Size SqFt:18352.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:3114.00
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Tax Tract:10080
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Tax Lot:18
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2480014021
Utilities
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Sewer:Private Sewer
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Water Source:Private
The Community
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Features:Biking, Curbs
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Pool:None
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Senior Community:No
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Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/11/24
Nov 11, 2024
|
Listed / Active | CRMLS_CA | $10,800,000 |
