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$9,000,000

Beds
Unknown
sq ft
Unknown

520 N Hollywood Way, Burbank, CA 91505

520 N Hollywood Way

Burbank, CA 91505

  • 12 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

CRMLS #SR24231424

Listed
$9,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Status: Active

Tomo last checked: 11/22/2024 at 1:50 PM

Listing updated: 11/10/2024 at 6:49 PM

Listed by: Levon Alexanian, Keller Williams World Media Center Phone #: (818) 239-3500

MLS: CRMLS #SR24231424

CRMLS logo

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