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The Alexanian Apartment Advisors are pleased to announce that we have been selected as exclusive advisor to the seller for this remarkable, once-in-a-lifetime acquisition opportunity of the Media Crest at 701 apartments in Burbank. Expected to be very well received in the marketplace, the Media Crest Collection is a rare offering on several different factors. Burbank is a supply-constrained market with virtually no new supply before the last 4 years. Saturated with most smaller, older vintage properties dating to the 50’s, the growing renter pool is actively seeking longer-term rental homes (because of the exorbitant cost to own vs rent ratio of 90+%) and they require modern amenities & finishes such as those exhibited at Media Crest Collection. Furthermore, the current ownership has undergone heavy capital improvements over the years getting the properties operating at optimal performance. A RUBS utility bill back system is already incorporated, virtually eliminating ownership utility costs. The proximity to several local cafes, restaurants, and services is second to none. Additionally, the assets are located approx. 2.6 miles from Avion Burbank, a 60-acre development, consisting of creative campuses, retail, a hotel, an Amazon distribution center, and more. Also in approx. 2.6 miles is the Bob Hope - Hollywood Burbank airport, with nonstop flights to 29 cities. Dubbed as the “media capital of the world” Burbank provides a strong workforce base of over 1,000 media & entertainment companies such as Disney, Netflix, Warner Bros, Nickelodeon, ABC 7, iHeartRadio, etc. Burbank is also very well known for its first-in-class police and fire departments, a great school system, and robust nightlife. * Being offered alongside 701-711 Hollywood Way 24 units for $11,400,000 for total 44 unit $20,900,000 portfolio. * * Contact listing agent for details and for offering memorandum *