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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 represents a safe and reliable long-term investment in a high-demand area.
Also available with sister property 711 N Hollywood Way, 24 units, if desired.

* Contact us for further details, tour dates and offering memorandum *

Features
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Additional Information
Keller Williams World Media Center
0
F207017570
F8552001
Levon
2483009023
: Standard
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Multi-Family For Sale

520 Hollywood Way, Burbank, California 91505

18,044 Sqft
$9,000,000
Listing ID #SR24231424
Basic Details
Status : Active under contract
DaysOnMarket : 46
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SR24231424
Price : $9,000,000
Living Area : 18,044 Sqft
Lot Size : 13,893 Sqft
Year Built : 1990
Country : US
State : California
County : Los Angeles
City : Burbank
Zipcode : 91505
Price Per Square Foot : $499
ModificationTimestamp : 2024-12-26 12:16:23
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