711 N Hollywood Way, Burbank, California 91505
  • $10,800,000

Overview

Property ID: SR24231974
  • Apartment, Residential Income
  • Property Type
  • 20438 Sqft
  • Area Size
  • 1989
  • Year Built

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.

  • Address: 711 N Hollywood Way
  • City: Burbank
  • State/county: CA
  • Zip/Postal Code: 91505
  • Country: US

Details

Updated on June 18, 2025 at 5:06 pm
  • Property ID SR24231974
  • Price $10,800,000
  • Property Size 20438 Sqft
  • Land Area 0.4213 Acres
  • Year Built 1989
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
  • Sewer Private Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Biking, Curbs

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