For Sale For Rent
Advertise
bedrooms Active Under Contract
bedrooms
bedrooms
6
bathrooms
bathrooms
5
square feet
square feet
18,044
acreage
Acreage
0.31893939393939397
open houses
Open Houses
-
year built
year built
1990
full baths
Full Baths
5
half baths
Half Baths
0
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
Subdivision -
County Los Angeles
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: SR24231424
Listing agent: Levon Alexanian #00911091
Listing broker: Keller Williams Realty (818) 239-3500
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Thursday, February 13 2025 at 5:49 p.m. EST
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