1004 W Clark Ave - Apartments FOR SALE


Burbank, CA 91506- Chandler Park
$2,450,000 USD
310-595-4664
1004 W Clark Ave, Burbank, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1004 W Clark Ave
Burbank, CA 91506
Chandler Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$912 USD /SF

# OF UNITS

5

PRICE/UNIT

$490,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

BUR4

APN/PARCEL ID

2446-026-012

ASK ABOUT THIS PROPERTY

Christian KasparianVista Sotheby's International RealtyMore Info
310-595-4664

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Christian KasparianVista Sotheby's International RealtyMore Info
310-595-4664

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.