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
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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: 12/18/2024, 5:15:57 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
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. The most common annual income of people living in Burbank, CA is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area 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.
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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.
Over 16 listings were sold over their listed price in November 2024 in Burbank, CA. In the same period over 13 listings were sold below the listed price and 8 listings were sold for the listed price. In November 2024 in Burbank, CA there were 7.3% less homes for sale than in October 2024. In November 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $1,149,500.
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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