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1004 W Clark Ave
Burbank, CA 91506
Multifamily Property For Sale
·
5 Units
Executive Summary
Exceptional opportunity to acquire a remodeled five-unit bungalow-style multifamily complex consisting of three separate buildings in one of Burbank's most desirable neighborhoods. The fully-occupied Property features four updated one-bed, one-bath units, plus a permitted one-bed, one-bath ADU, creating an attractive, low-maintenance investment with strong tenant appeal. Each unit was renovated in 2022 with forced-air HVAC, dual-pane windows, kitchens with stainless steel appliances, modern laminate flooring, updated bathrooms, recessed lighting, and in-unit laundry hookups. The Property also offers four dedicated parking spaces, four storage spaces, and separately metered gas and electricity, providing convenient utility management. 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 & 134 Freeways, Hollywood Burbank Airport, parks, schools, and countless everyday conveniences.
Property Facts
| Price Per Unit | $682,722 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,685 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1936/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 1.49/1,000 SF |
| Building Class | C | ||
| Zoning | BUR4 | ||
| Price Per Unit | $682,722 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,685 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1936/2022 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | BUR4 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Double Pane Windows
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 600 |
Property Taxes
| Parcel Number | 2446-026-012 | Improvements Assessment | $1,286,373 CAD |
| Land Assessment | $1,936,954 CAD | Total Assessment | $3,223,328 CAD |
Property Taxes
Parcel Number
2446-026-012
Land Assessment
$1,936,954 CAD
Improvements Assessment
$1,286,373 CAD
Total Assessment
$3,223,328 CAD
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