$ 9,000,000
520 Hollywood Way Burbank, CA 91505
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$ 9,000,000
Est. payment | /mo
18,044 SqFt
$ 9,000,000
Est. payment | /mo
18,044 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 18,044 sqft
Price per Sqft $498
MLS Listing ID CRSR24231424
HOA Y/N No
Year Built 1990
Lot Size 0.319 Acres
Acres 0.32
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
Location
State CA
County Los Angeles
Area Listing
Interior
Fireplace No
Laundry Other
Building
Sewer Private Sewer
Water Private
New Construction No
Others
Tax ID 2483009023
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Listed by Levon Alexanian • Keller Williams World Media Center
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