CA > Burbank
Burbank, CA 91506,1105 W Clark AVE
Burbank, CA 91506,1105 W Clark AVE
Burbank, CA 91506,1105 W Clark AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,575,000
Est. payment /mo
6 Beds
4 Baths
2,928 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,928 sqft

Price per Sqft $537

MLS Listing ID 25615183

Bedrooms 6

HOA Y/N No

Year Built 1952

Lot Size 8,324 Sqft

Property Description

Location, Location, Location. Prime Burbank investment opportunity at 1105 W Clark Ave! This 4-unit building with an large 8300 plus lot is located in a very strong rental market with historically low vacancy powerful tenant demand. The City of Burbank does not have the Strict Rental Stabilization Laws as Los Angeles City. A true benefit for landlords. Property features (2) 2-bed units + (2) 1-bed units, each separately metered for gas/electric. Rents bring some cash flow but the hiden beauty in this asset is it's powerful upside potential. Buy, value add and grow the income. 4-car garage parking for added renters value. Located near George Izay Park, Walt Disney Elementary, John Burroughs High, and minutes to Disney Studios and more. The extra benefit is that the George Izay Park offers an indoor Basketball court, a Baseball fields, tennis courts, and large picnic and play grounds all for the public and directly across the street for your tenants. They will never want to leave. Burbank multi-unit housing has high demand and low inventory. This property will not last long at this adjusted price. Family trust is liquidating at a huge discount from their previous purchase. This discount translate to a great opportunity for the investor at this awesome price point. Do not hesitate, this will not last. Additional units possible through SB 1211 by adding ADU'S. Buyer to verify.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR3*

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Roof Type Composition

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2446007003

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1133944862?share=copy&fl=sv&fe=ci

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CRMLS – RECore
Listed by Gregory Holmes Coldwell Banker Realty

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