Skip main navigation
Sold for $10,350,000
  • Listed by: Keller Williams World Media Center • Levon Alexanian • Contact: 818-239-1206
    Bought with: NONMEMBER MRML
    $10,350,000

    711 N Hollywood Way, Burbank, CA 91505

    40beds
    40baths
    20,438sqft
    Multi Family
    Built in 1989
    -- sqft lot
    $10,261,100 Zestimate®
    $506/sqft
    $3,740 Estimated rent

    Home value

    $10,261,100

    $9.23M - $11.39M

    $3,740/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,740/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,740/mo

    Rent Zestimate®

    Refinance and save

    $66,135/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $66,135/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Central ac and heat
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Levon Alexanian DRE #00911091 info@alexanianadvisors.com,

    Keller Williams World Media Center

    Bought with:

    Edward Matevosian, DRE #00409987

    NONMEMBER MRML

    Source: CRMLS,MLS#: SR24231974MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 40
    • Bathrooms: 40
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 20,438
    • Total interior livable area: 20,438 sqft

    Property

    Features
    • Entry location: curb
    • Pool features: None
    Lot
    • Size: 0.42 Acres
    • Features: 21-25 Units/Acre
    Details
    • Parcel number: 2480014021
    • Zoning: BUR4*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1989

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: Private

    Community & HOA

    Community
    • Features: Biking, Curbs
    Location
    • Region: Burbank

    Financial & listing details

    • Price per square foot: $506/sqft
    • Date on market: 11/11/2024
    • Cumulative days on market: 43 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    6/17/2025Sold$10,350,000-4.2%$506/sqft
    Source: CRMLS #SR24231974 Report a problem
    2/13/2025Pending sale$10,800,000$528/sqft
    Source: CRMLS #SR24231974 Report a problem
    12/26/2024Contingent$10,800,000$528/sqft
    Source: CRMLS #SR24231974 Report a problem
    11/12/2024Listed for sale$10,800,000+31.7%$528/sqft
    Source: CRMLS #SR24231974 Report a problem
    9/22/2017Sold$8,200,000+1.2%$401/sqft
    Source: CLAW #17233268 Report a problem
    6/22/2017Pending sale$8,100,000$396/sqft
    Source: DW Real Estate Investments #17233268 Report a problem
    6/19/2017Listed for sale$8,100,000$396/sqft
    Source: DW Real Estate Investments #17233268 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 91505

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $10,261,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $10,261,100