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 *
Property Details
Property Features
Property Information:
Year Built: 1990
Stories: 2
Listing Office:
Office Name: Keller Williams World Media Center
Office Email: info@alexanianadvisors.com
Listing Agent: Levon Alexanian
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.32 Acres
Other
Directions Information:
Directions: .
Price Information
Listing Price Info
Price Summary:
List Price: $9,000,000
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Housing Market Comparison
See how this home compares to others in Burbank, CA.
This property is $7.8M more than the Median Sold Price in Burbank, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24231424
Listing Office:
Office Name: Keller Williams World Media Center
Office Email: info@alexanianadvisors.com
Listing Agent: Levon Alexanian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Robert Louis Stevenson Elementary
3333 W Oak St
Distance between this listing and this school0.22 miles
Public District Grades KG-5
8
/10
Theodore Roosevelt Elementary School
850 N Cordova St
Distance between this listing and this school0.52 miles
Public District Grades KG-5
6
/10
Toluca Lake Elementary
4840 Cahuenga Blvd
Distance between this listing and this school1.06 miles
Public District Grades PK-5
Nearby Schools
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.54 miles
Public District Grades 6-8
7
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school1.58 miles
Public District Grades 6-8
6
/10
Walter Reed School
4525 Irvine Ave
Distance between this listing and this school2.51 miles
Public District Grades 6-8
Nearby Schools
8
/10
John Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.15 miles
Public District Grades 9-12
6
/10
Burbank Unified Independent Learning Academy (Buila)
3715 Allan Ave
Distance between this listing and this school1.43 miles
Public District Grades 7-12
9
/10
Science Academy STEM Magnet
5525 Vineland Ave
Distance between this listing and this school1.84 miles
The neighbors living near this home have an average income of $71,739. Typical income of Burbank, CA residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 520 Hollywood Way
What is the listing price of this property?
The listing price of 520 Hollywood Way property is $9,000,000.
What type of property is this?
The property 520 Hollywood Way is a condo located in Burbank, California, 91505.
Is this property for sale now?
Active Listing: 520 Hollywood Way is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 520 Hollywood Way is 1990.
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This home is located at 520 Hollywood Way in Burbank, CA and zip code 91505 in the McNeil neighborhood. This home, which was built in 1990, sits on a 0.32 acre lot. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $9,000,000.
While more than 21 listings in Burbank, CA in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 24 were sold below. Between September 2024 and October 2024, Burbank, CA real estate market has seen increase in the number of listings by 13.9%. The median list price of listings available in October 2024 was $1,128,372, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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