Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

5

Building size

2,685 sqft

Lot size

6,430 sqft

Year built

1938

Stories

1

Garage spaces

0

Style

Bungalow

Heating

Forced Air,Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

78

MLS #

245520321

About this property

Exceptional opportunity to acquire a five-unit bungalow-style multifamily complex, thoroughly remodeled in 2022, consisting of three separate buildings in one of Burbank's most desirable neighborhoods. The property features four beautifully updated one-bedroom, one-bathroom units, plus a permitted one-bedroom, one-bathroom ADU, creating an attractive, low-maintenance investment with strong tenant appeal. Each unit was thoughtfully renovated a few years ago with forced-air heating and air conditioning, dual-pane windows, stylish kitchens with stainless steel appliances, modern laminate flooring, updated bathrooms, recessed lighting, and in-unit laundry hookups. The property offers four dedicated parking spaces, four storage spaces, and separately metered gas and electricity, providing convenient utility management. It also has a brand new 75-gallon water heater, a new irrigation system and the ADU, which was constructed in 2022, has a new roof that was installed in 2023. Ideally positioned in the heart of Burbank, the property offers convenient access to Downtown Burbank's vibrant dining, shopping, and entertainment scene, as well as major employers including Warner Bros. Studios, Walt Disney Studios, and other renowned entertainment companies. Residents also enjoy easy access to the Burbank Metrolink station, the 5 and 134 Freeways, Hollywood Burbank Airport, Toluca Lake, parks, schools, and countless everyday conveniences. Combining extensive renovations, charming bungalow-style architecture, a permitted ADU, and an exceptional central location, 1004 W. Clark Ave presents a rare opportunity to own a turnkey, easy-to-manage multifamily asset in one of Southern California's most sought-after rental markets.

Location

1004 W Clark

Burbank, Los Angeles, CA, 91506