701-711 N Hollywood Way
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701-711 N Hollywood Way
24 Unit Apartment Building $10,800,000 ($450,000/Unit) 5.62% Cap Rate Burbank, CA 91505
Investment Highlights
- Built 1989
- 12.9 GRM & 5.62% CAP - CURRENT
- Modernized asset with full renovations
- Across the street from $500M studio/office development
Executive Summary
The Alexanian Apartment Advisors as exclusive agents 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 *
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 *
Property Facts
| Price | $10,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $450,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 5.62% | Building Size | 20,438 SF |
| Gross Rent Multiplier | 12.9 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 2.15/1,000 SF |
| Price | $10,800,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.42 AC |
| Building Size | 20,438 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 2.15/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Granite Countertops
- High Speed Internet Access
- Oven
- Range
- Carpet
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 750 |
| 2+2 | 18 | - | 900 - 1,300 |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 2480-014-021 | Improvements Assessment | $5,466,041 |
| Land Assessment | $3,681,211 | Total Assessment | $9,147,252 |
PROPERTY TAXES
Parcel Number
2480-014-021
Land Assessment
$3,681,211
Improvements Assessment
$5,466,041
Total Assessment
$9,147,252
zoning
| Zoning Code | R4, Burbank |
| R4, Burbank |
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701-711 N Hollywood Way
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