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$10,350,000
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Property Description
We 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.
Full Property Details
Full Property Details for 711 N Hollywood Way
General
- Sold For: $10,350,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR24231974
- Added to Site: 435 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: 610 - Burbank
- County: Los Angeles
- Development Name: 610 - Burbank
- Driving Directions: .
Utilities
- Sewer: Private Sewer
- Water: Private
- # Water Meters: 25
- # Gas Meters: 25
- # Electric Meters: 25
Structural Information
- Entry Location: curb
- Square Feet: 20,438
- Year Built: 1989
Lot Features
- Lot Size (Acres): 0.4213
- Lot Size Source: Assessor
- Zoning: BUR4*
- Lot Description: 21-25 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $506.41
- Price Per Unit: 450000
Listed by Keller Williams World Media Center, Levon Alexanian
Sold by Nonmember Mrml, Edward Matevosian
Get Pre-Approved Today
Schools
Schools serving 711 N Hollywood Way
School District:Burbank Unified School District
| Name | Grades | Distance |
|---|---|---|
Theodore Roosevelt Elementary School, Burbank, CA 850 North Cordova Street, Burbank, CA 91505 | K-5 | 0.2 mi |
Dolores Huerta Middle 420 South Mariposa Street, Burbank, CA 91506 | 6-8 | 1.6 mi |
Burroughs High School, Burbank, CA 1920 West Clark Avenue, Burbank, CA 91506 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 711 N Hollywood Way
Date
Details
Price
Change
Source
6/17/2025
Sold
$10,350,000
-4.17%
MLS
11/11/2024
Listed
$10,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
711 N Hollywood Way, Burbank, CA 91505 (MLS# SR24231974) is a Multi-Family property that was sold at $10,350,000 on June 17, 2025. Want to learn more about 711 N Hollywood Way? Do you have questions about finding other Multi-Family real estate for sale in Burbank? You can browse all Burbank real estate or contact a Coldwell Banker agent to request more information.

