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924 W Clark Ave 4 Unit Apartment Building Offered at $2,328,702 CAD at a 3.65% Cap Rate Burbank, CA 91506



Executive Summary
Value-Add 4-Unit Multifamily Investment Opportunity Excellent opportunity to acquire a well-maintained 4-unit multifamily property with recent capital improvements already completed. Ownership has invested in a new roof and new dual-pane windows throughout the building, helping reduce future maintenance costs and enhance tenant appeal. The property features a vacant front garage, providing immediate flexibility for owner use, additional storage, potential rental income, or future value-add opportunities. Building-wide electrical infrastructure has also been recently upgraded, creating the capacity to accommodate an additional unit (buyer to verify all development potential and requirements with local authorities). With strong fundamentals, recent system upgrades, and future expansion potential, this property presents an attractive investment opportunity for both seasoned investors and owner-operators seeking long-term appreciation and income growth.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,328,702 CAD | Property Type | Multifamily |
| Price Per Unit | $582,176 CAD | Building Size | 2,838 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3.65% | No. Stories | 2 |
| Gross Rent Multiplier | 17.74 | Year Built | 1949 |
| No. Units | 4 |
| Price | $2,328,702 CAD |
| Price Per Unit | $582,176 CAD |
| Sale Type | Investment |
| Cap Rate | 3.65% |
| Gross Rent Multiplier | 17.74 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,838 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $61,617 CAD | - |
| 1+1 | 2 | $4,783 CAD | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2446-026-014 | Total Assessment | $341,172 CAD |
| Land Assessment | $50,829 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $290,344 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2446-026-014
Land Assessment
$50,829 CAD
Improvements Assessment
$290,344 CAD
Total Assessment
$341,172 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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924 W Clark Ave
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