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711 N Hollywood Way
Burbank CA 91505 US

$10,800,000

Active Under Contract Listing ID SR24231974
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3 bed
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3.00 Bath (3 Full)
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Lot: 18,352.00 Square Feet
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Apartment

$10,800,000

Active Under Contract Listing ID SR24231974
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711 N Hollywood Way 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. * Contact Greg Alexanian for further details, tour dates and offering memorandum *

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Property Features

  • Facts
  • Lot Size: 18,352.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 3
  • Exterior Finish: Community Features Included: Biking, Curbs, 21-25 Units/Acre

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 10800000
  • unparsedaddress: 711 N Hollywood Way
  • postalcity: Burbank
  • stateorprovince: CA
  • country: US
  • postalcode: 91505
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.421303948576676
  • lotsizeunits: Square Feet
  • lotsizearea: 18352
  • livingarea: 20438
  • livingareaunits: Square Feet
  • latitude: 34.162837
  • longitude: -118.344905
  • listagentfullname: Levon Alexanian
  • listagentemail: info@alexanianadvisors.com
  • listagentkey: 3yd-MRMLSCA-F207017570
  • listagentmlsid: F207017570
  • listagentpreferredphone: 8182393500
  • listagentofficephone: 8182393500
  • listofficekey: 3yd-MRMLSCA-F8552001
  • listagentstatelicense: 00911091
  • listofficemlsid: F8552001
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1989
  • listingcontractdate: 2024-11-11
  • listagenturl: http://www.AlexanianAdvisors.com
  • countyorparish: Los Angeles
  • parcelnumber: 2480014021
  • numberofunitstotal: 24
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Biking, Curbs, 21-25 Units/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.3449, 34.162838
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"info@alexanianadvisors.com", "ListBrokerageCity":"Burbank", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mike@nickandmike.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/110/456531/20230519181552844.png", "ListBrokerageName":"Keller Williams Realty", "ListBrokeragePhone":"(818) 239-3500", "ListBrokeragePostalCode":"91502", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"401 S. First Street", "ListBrokerageWebsiteUrl":"http://www.thinkkw.com", "ListOfficeAddress1":"111 N. First St.", "ListOfficeAddress2":"Suite 300", "ListOfficeBrokerMlsId":"f207089657", "ListOfficeCity":"Burbank", "ListOfficeCountry":"US", "ListOfficeEmail":"mikenap8@gmail.com", "ListOfficePostalCode":"91502", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Burbank, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/711-N-Hollywood-Way_Burbank_CA_91505_M26390-02165?f=listhub&s=MRMLSCA&m=SR24231974&c=rexren", "MLSModificationTimestamp":"2025-02-13T11:16:21Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/13/2025 9:12:07 PM GMT
Source Updated Date: 2/21/2025 6:51:39 AM GMT

Courtesy of: Levon Alexanian, Keller Williams World Media Center, info@alexanianadvisors.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.