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$ 1,575,000
Est. payment /mo
Price Dropped by $20K
1105 W Clark AVE Burbank, CA 91506
6 Beds
4 Baths
2,928 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
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
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
Listed by Gregory Holmes Coldwell Banker Realty