Active
520 Hollywood Way
BURBANK CA, 91505
$9,000,000
$498.78 per sqft
Active
6 Beds
5 Baths
18,044 sqft
Multi-family
Built in 1990
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 *
SR24231424MR
MLSⓇ ID
November 10, 2024
Listed
November 22, 2024
Updated
Map
520 Hollywood Way
BURBANK CA, 91505
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
5
Laundry Description
Laundry Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.32 Acres
Sewer
Private Sewer
Other Property Details
Area Name
Burbank
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Private
Pool
No
Pool Features
None
Listed by Levon Alexanian with Keller Williams World Media Center
Listing Contact: 8182391206
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor SILVA HAMELINE | CA DRE# 00964974 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024