$9,000,000
- Beds
- Unknown
- sq ft
- Unknown
520 N Hollywood Way, Burbank, CA 91505
520 N Hollywood Way
Burbank, CA 91505
- 43 days on market
We are pleased to offer for sale the Media Crest @520, a turn-key 20 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 12.6 grm and 5.74% cap.
Unit mix of (1) 3+2, (15) 2+2, and (4) 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 @520 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 711 N Hollywood Way, 24 units, if desired.
* Contact us for further details, tour dates and offering memorandum *
Details
Property type
Apartment
Lot size
0.3189 acres
Price per sq ft
Unknown
Year built
1990
Price History
11/10/2024
CRMLS #SR24231424
Listed
$9,000,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs
Community features:
Curbs
Status: Active
Tomo last checked: 12/22/2024 at 6:15 PM
Listing updated: 12/05/2024 at 3:12 AM
Listed by: Levon Alexanian, Keller Williams World Media Center Phone #: (818) 239-3500
MLS: CRMLS #SR24231424
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