711 North Hollywood Way
$10,800,000
3
40
20,438
20,438
$528
Description
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...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. Contact Greg Alexanian for further details, tour dates and offering memorandum
- Listed by Levon Alexanian • DRE #00911091 • Brokerage DRE #01521876 • Keller Williams World Media Center • info@alexanianadvisors.com
Property Details for 711 North Hollywood Way
Parking Spaces Total
0
Private PoolNo
Total Units24.0
Building TypeAttached
Lot Size SourceAssessor
Living Area20438
Assessor Parcel Number2480-014-021
Property Attached YNtrue
LISTING UPDATED: 11/11/2024 08:53 AM
Property Details for 711 North Hollywood Way
Status | Active |
---|---|
MLS # | SR24231974 |
Days on Market | 40 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1989 |
County | Los Angeles County |
Building Information for 711 North Hollywood Way
Building/Complex711 N Hollywood WayFloor-Stories3Residences-Pet Policy-Year Built1989Building Size-
Property Information for 711 North Hollywood Way
Property History for 711 North Hollywood Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 711 North Hollywood Way
Taxable ValueLand$3,681,211Additions$5,466,041Total$9,147,252
Tax Record2024$102,808 ($8,567 / month)
Home Facts
Total Finished SqFt20,438 SqFtAbove Grade Finished SqFt20,438 SqFtStories1Lot Size18,346 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningBUR4*CountyLOS ANGELESAPN2480-014-021
Schools near 711 North Hollywood Way
This home is within Burbank Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Theodore Roosevelt Elementary School PublicK to 5 | ||
Dolores Huerta Middle Public6 to 8 | ||
John Burroughs High School Public9 to 12 | ||
Burbank Unified Independent Learning Academy (Buila) PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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