Burbank Media Crest | 5.7% cap | 1990

The Alexanian Apartment Advisors are pleased to offer for sale the Burbank Media Crest Portfolio, a turnkey multifamily offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barriers to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025, consisting of 926,000 sf of studio & office space. Both properties have been fully renovated and offer ease of management, both are fully occupied. The current annual blended scheduled income is $1,546,272. Unit mix totals (1) 3+2, (31) 2+2 and (12) 1+1 spacious units. Several lofted ceiling fireplaces, patios, balconies, gated & controlled access & parking.
Burbank is dubbed as the Media Capital of the World, with industry titans such as Warner Bros, NETFLIX, Universal, The Walk Disney Company, and Nickelodeon all call Burbank home.
Another major gem to Burbank residents is its Burbank Hollywood Way airport, a few miles from the subject properties.
Great fundamentals of a solid workforce, a plethora of restaurants, cafes & entertainment, limited housing stock, and very high affordability gap to-own ratio - ensures a stable cashflow stream and limited turnover.
Contact Greg Alexanian for offering memorandums and scheduled tour dates.