711 N Hollywood Way Burbank, CA 91505
Multi-Family (2-4 Units)
MLS #: SR24231974
Courtesy Of Keller Williams Realty
$10,800,000
3 beds
|
3 baths
|
20,438 sq ft
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Estimated monthly payments:
$47,211/mo.* (recalculate)
Property InformationDescription
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 *
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 *
Features
- Age: 31-40 Years Old
- Amenities: Dock
- Architecture Style: Other
MAP & DIRECTIONS
School Information
711 N Hollywood Way, Burbank, CA 91505
Elementary School
Grades KG-5 |
Public School
THEODORE ROOSEVELT ELEMENTARY SCHOOL
Burbank, CA 91505
850 N Cordova St
818.558.4668
Distance: 0.2 mi
School Rating
A
Student:Teacher Ratio
25:1
Total Students
595
Middle School
Grades 6-8 |
Public School
DAVID STARR JORDAN MIDDLE SCHOOL
Burbank, CA 91506
420 S Mariposa St
818.558.4622
Distance: 1.6 mi
School Rating
C+
Student:Teacher Ratio
24:1
Total Students
1057
High School
Grades 9-12 |
Public School
JOHN BURROUGHS HIGH SCHOOL
Burbank, CA 91506
1920 W Clark Ave
818.558.4777
Distance: 1.1 mi
School Rating
A-
Student:Teacher Ratio
25:1
Total Students
2468
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Brighton Hall School | 0.1 mi | Private | 2-12 | |
| Media Center Montessori Preschool/kindergarten | 0.1 mi | Private | KG | |
| Robert Louis Stevenson Elementary | 0.4 mi | Public | KG-5 | A- |
| Joyces Toluca Lake Preschool & Kindergarten | 0.9 mi | Private | PK-TKG | |
| Toluca Lake Elementary | 1.0 mi | Public | PK-5 | B- |
| Toluca 'crossroads' School Preschool & Kindergarte | 1.0 mi | Private | PK-TKG | |
| St Finbar Parish School | 1.1 mi | Private | KG-8 | |
| Burbank Unified Independent Learning Academy (buila) | 1.1 mi | Public | 7-12 | B |
| Providence High School | 1.2 mi | Private | 9-12 | |
| Thomas Edison Elementary | 1.2 mi | Public | KG-5 | B |
| Bret Harte Elementary | 1.2 mi | Public | KG-5 | B |
| Luther Burbank Middle School | 1.3 mi | Public | 6-8 | B+ |
| Walt Disney Elementary School | 1.6 mi | Public | KG-5 | B+ |
| St Charles Borromeo Elementary School | 1.6 mi | Private | KG-8 | |
| East Valley High School | 1.6 mi | Public | 9-12 | D+ |
| Science Academy Stem Magnet | 1.6 mi | Public | 6-11 | A |
| Rio Vista Elementary School | 1.7 mi | Public | KG-5 | B |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Burbank, CA 91505
| Median Age: | 38.6 |
|---|---|
| Married: | 41% |
| Number of Households: | 12,925 |
| Households with Children: | 25% |
Burbank, CA 91505
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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