520 Hollywood Way, Burbank, CA 91505

bedrooms 6
bathrooms 5
|Apartment
THB ฿308,774,997
USD $9,000,000
Published on: 11 Nov 2024
Last updated on: 11 Nov 2024
520 Hollywood Way, Burbank, CA 91505
520 Hollywood Way, Burbank, CA 91505
520 Hollywood Way, Burbank, CA 91505
+9
520 Hollywood Way, Burbank, CA 91505
  • 9
Property ID: 110095680153
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Apartment - Burbank, CA

520 Hollywood Way, Burbank, CA 91505
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 *

Property Details

Basic Info

Property Type
Apartment
Listing Status
Active
Land Size
1,290.70 m2
Building Size
1,676.34 m2
Year Built
1990
Rooms
6 bedroom(s), 5 bathroom(s)
Architecture Style
Other
Building Unit Count
20
Num Floors
2
Franchise
Keller Williams Realty
County
Los Angeles
Parcel ID
2483009023
Provider
Keller Williams Realty
Brokerage Office Name
Keller Williams Realty
Brokerage Office Phone
(818) 239-3500
Address
520 Hollywood Way, Burbank, CA 91505
Contact Agent
Levon Alexanian
111 N. First St., Burbank, CA 91502
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Levon Alexanian
111 N. First St., Burbank, CA 91502
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      Property ID: 110095680153

      Data provided by Keller Williams Realty, MLS #: SR24231424
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