Portfolio offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barrier to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025. Turn key offering both properties have great in place rents and offer ease of management as all units are remodeled. Current annual 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.
Property Details
Property Features
Property Information:
Year Built: 1990
Stories: 3
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: Landscaped
Lot Size: 0.74 Acres
Other
Directions Information:
Directions: .
Price Information
Listing Price Info
Price Summary:
List Price: $19,800,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Burbank, CA.
This property is $18.6M 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: #SR24233145
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
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$98.8K
Per Month
Principal & Interest
$98.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$59.4K
Powered By
Advertisement
NMLS#3030
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
3
/10
Glenwood Elementary School
8001 Ledge Ave
Distance between this listing and this school0.66 miles
Public District Grades KG-5
4
/10
Roscoe Elementary
10765 Strathern St
Distance between this listing and this school1.10 miles
Public District Grades KG-5
8
/10
George Washington Elementary
2322 N Lincoln St
Distance between this listing and this school1.16 miles
Public District Grades KG-5
Nearby Schools
4
/10
Sun Valley Magnet
7330 Bakman Ave
Distance between this listing and this school1.75 miles
Public Magnet Grades 6-8
7
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school2.15 miles
Public District Grades 6-8
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school2.38 miles
Public District Grades 6-8
Nearby Schools
3
/10
Monterey High (Continuation)
1915 W Monterey Ave
Distance between this listing and this school1.96 miles
Public District Grades 9-12
6
/10
Burbank Unified Independent Learning Academy (Buila)
3715 Allan Ave
Distance between this listing and this school2.29 miles
Public District Grades 7-12
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school2.61 miles
The neighbors living near this home have an average income of $47,976. Most Burbank, CA residents have annual incomes between $35k-100k. 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 520701 Hollywood Way
What is the listing price of this property?
The listing price of 520701 Hollywood Way property is $19,800,000.
What type of property is this?
The property 520701 Hollywood Way is a condo located in Burbank, California, 91505.
Is this property for sale now?
Active Listing: 520701 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 520701 Hollywood Way is 1990.
Interested in 520701 Hollywood Way? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 520701 Hollywood Way in Burbank, CA and zip code 91505 in the The San Fernando Valley neighborhood. This home, which was built in 1990, sits on a 0.74 acre lot. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $19,800,000.
In October 2024, from all listings sold in Burbank, CA there were more than 21 sold above asking price, over 24 sold below and more than 2 were sold right at the asked price. The number of listings in Burbank, CA increased by 13.9% between September 2024 and October 2024. 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. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Music Concerts
IKEA
Banana Republic
H&M
Quiznos
Jack In The Box
Chipotle
Lexus
Toyota
Volkswagen
Soft Adult Contemporary
Jazz