Burbank, CA 91505 711 N Hollywood Way

Pending
711 N Hollywood Way Burbank, CA - Image 1711 N Hollywood Way Burbank, CA - Image 2711 N Hollywood Way Burbank, CA - Image 3
2 more
711 N Hollywood Way Burbank, CA - Image 4711 N Hollywood Way Burbank, CA - Image 5711 N Hollywood Way Burbank, CA - Image 6
Presented By: Levon Alexanian with Keller Williams World Media Center; info@alexanianadvisors.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SR24231974
  • 11/11/2024
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 1
  • SQFT • 20,438

Home Details

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.
Presented By: Levon Alexanian with Keller Williams World Media Center; info@alexanianadvisors.com

Interior Features for 711 N Hollywood Way

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3

Other Rooms

Entry Level1

General for 711 N Hollywood Way

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBurbank
Community FeaturesBiking, Curbs
CountyLos Angeles
Directions.
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationcurb
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income830796.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Exchange1031
Lot Size Square Feet18352.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income607353.0
New ConstructionNo
Number Of Units Total24
Operating Expense206827.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPrivateSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot18
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1989
Year Built SourceAssessor
ZoningBUR4*

Exterior for 711 N Hollywood Way

Building Area Total20438.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentyOneToTwentyFiveUnitsAcre
Lot Size Acres0.4213
Lot Size Area18352.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters25
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePrivate

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $10,800,000
MLS#SR24231974
List Date 11/11/2024
Property Type Pending
Phone 714.742.6515
Request Tour
Request Info
Visit My Website

Similar Properties to 711 N Hollywood Way

Compare listings

Compare