$9,000,000
18,044 Sqft
13,893 Sqft

520 Hollywood Way, Burbank Ca 91505

  • Commercial Sale Property Type
  • 46 Days Days On Market
  • 1990 Year Built
Property Description

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 r

Basic Details
Commercial Sale
Other
Pending
CRSR24231424
$9,000,000
46
18,044 Sqft
1990
13,893 Sqft
0.32 Acre
Pending
Features
Private Sewer
: Other
Address Map
CA
Los Angeles
Burbank
91505
Hollywood Way
520
W119° 39' 25.6''
N34° 9' 36.7''
.
Additional Info
Keller Williams World Media Center
Levon Alexanian
info@alexanianadvisors.com
Pending
Private
For Sale
Price History
01/01/1970
11/10/2024
$9,000,000
$0
Additional Information
18044
Listing Information
2024-12-26T20:46:44Z
BayEast
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    Agent info
    Rekha Mahalingam
    Realty++
    Realty++
    Subhash Kapur
    Realty++
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    Mallik@rRealtyplusplus.com (510) 299-6629