Burbank, CA 91505,520 Hollywood Way
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Burbank, CA 91505,520 Hollywood Way
Burbank, CA 91505,520 Hollywood Way
Burbank, CA 91505,520 Hollywood Way
Burbank, CA 91505,520 Hollywood Way
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520 Hollywood Way Burbank, CA 91505

18,044 SqFt


UPDATED:

11/11/2024 01:42 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 18,044 sqft

Price per Sqft $498

MLS Listing ID SR24231424

HOA Y/N No

Year Built 1990

Lot Size 0.319 Acres

Acres 0.3189

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 *

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Laundry Common Area

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer Private Sewer

Water Private

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS 1031 Exchange,Cash,Cash To Existing Loan,Cash To New Loan,Conventional

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Contact listing agent for tour dates and offering memorandum

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS Contact listing agent for tour dates and offering memorandum


CRMLS Plus
Listed by Keller Williams World Media Center

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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520 Hollywood Way