Burbank Media Crest | 5.7% cap | 1990
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Burbank Media Crest | 5.7% cap | 1990
2 Multifamily Properties Offered at $19,800,000 in Burbank, CA
Investment Highlights
- 1990s construction in one of the more supply constrained markets
- 5.7% CAP | 12.7 GRM day 1
- Across the street from $500M studio & office development, 2025 completion
- Ability to mark immediate footprint in high barrier to entry market
- Turn Key - all units remodeled
Executive Summary
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.
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.
Property Facts
| Price | $19,800,000 | Number of Properties | 2 |
| Price / SF | $514.53 / SF | Individually For Sale | 2 |
| Cap Rate | 5.70% | Total Building Size | 38,482 SF |
| Sale Type | Investment | Total Land Area | 0.74 AC |
| Status | Active |
| Price | $19,800,000 |
| Price / SF | $514.53 / SF |
| Cap Rate | 5.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 38,482 SF |
| Total Land Area | 0.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 701-711 N Hollywood Way, Burbank, CA 91505 | Multifamily | 20,438 SF | 1989 | $10,800,000 |
| 520 N Hollywood Way, Burbank, CA 91505 | Multifamily | 18,044 SF | 1990 | $9,000,000 |
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Levon Alexanian -
Alexanian Apartment Advisors
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Burbank Media Crest | 5.7% cap | 1990
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