Backup offers
#SR24231424, Levon Alexanian, Listing Office: Keller Williams World Media Center
711 N Hollywood Way Burbank, CA 91505
$10,800,000 List price
0.4 acres
Condo
Property details
About 711 N Hollywood Way
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. * Contact Greg Alexanian for further details, tour dates and offering memorandum *
Highlights
Home typeCondominium
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Lot size0.4213 Acres
Year built1989
MLS #SR24231974
Summary
- MLS Number: SR24231974
- MLS Name: CRMLS
- 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: 2/7/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$10,800,000
711 N Hollywood Way
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 22, 2017 | Home Sold | $8,200,000 |
| Nov 28, 2000 | Home Sold | $2,600,000 |
| Oct 21, 1994 | Home Sold | $1,162,126 |
| May 03, 1988 | Home Sold | $202,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $9,147,252 | $102,807 |
| 2023 | $8,967,895 | $101,715 |
| 2022 | $8,792,055 | $97,128 |
| 2021 | $8,619,663 | $96,727 |
| 2020 | $8,531,280 | $92,819 |
| 2019 | $8,364,000 | $92,137 |
| 2018 | $8,200,000 | $50,477 |
| 2017 | $4,425,334 | $50,477 |
History based on county public records data.
Nearby schools
8
Theodore Roosevelt Elementary School
Public District KG-5
0.2 mi
•850 N Cordova St
7
Robert Louis Stevenson Elementary
Public District KG-5
0.4 mi
•3333 W Oak St
6
Toluca Lake Elementary
Public District PK-5
1.0 mi
•4840 Cahuenga Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,739. The most common annual income of people living in Burbank, CA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
21%
<35k
42%
35k-100k
24%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
7%
Single, with Kids
23%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
19%
18-34 yrs old
49%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Live Theatre
Tennis
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
Boston Market
The Cheesecake Factory
What do the neighbors drive?
Audi
Mercedes
BMW
What do the neighbors listen to?
Alternative
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 711 N Hollywood Way
This home is located at 711 N Hollywood Way in Burbank, CA and zip code 91505 in the Magnolia Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $10,800,000.
While more than 10 listings in Burbank, CA in January 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 13 were sold below. The inventory of homes for sale in Burbank, CA between December and January 2025 decreased by 7.2%. Listings spent 36 days on the market in January 2025, and had a median list price of $1,170,666 during the same period.
From Rocket Homes Real Estate and based on county public records data.