924 Clark ave, Burbank, CA 91506
Active
$1,695,000
15%
4 Units
3 Beds
3 Baths
2,838 Area(sq.ft.)
Lot: 6,178 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 2 | No | $ 4,000 | $ 4,000 | $ 4,000 |
| Unit 2 | 2 | 1 | 1 | No | $ 3,200 | $ 3,200 | $ 3,200 |
| 4 | 6 | 6 | $ 14,400 | $ 14,400 | $ 14,400 |
| MLS #: | SR24166746MR |
| Days On Market: | 479 |
| Listing Date: | August 14, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 597 |
| Price per unit: | $ 423,750 |
| Year Built: | 1949 |
Property Details
Never Been Offered for Sale! This is a 4-plex on a 6,178 sq/ft lot, located in prime, desirable area of Burbank. These 4 units are within walking distance to George Izay Park, Walt Disney Elementary School, shopping amenities, entertainment studios like Nickelodeon, Warner Bros. and Disney. Not to mention access to the 5 and 134 freeways and even closer to LA Equestrian Center Rents are significantly below market value, which creates an opportunity to have significant improvements in rental income. These 4 units on one lot consist of Two, 2 bedrooms and Two 1 bedrooms with a total of 6 bedrooms and 6 bathrooms per county records. Each unit has its own gas and electric and A/C units. Situated in a Prime rental district, the location ensures strong rental demand with the proximity to even, Starbucks. Lots of potential for owner / user wanting tenants to help with the mortgage, or investors look for great upside potential. Approved Plans to ADD 2+2 ADU in the back parking area. Call for more details. IMPORTANT that you do not disturb the residents an anyway, Please!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 72,540 |
| Actual Gross Rent: | $ 6,900 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | BUR4* |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Inside, Other |
| Heating: | Natural Gas |
| Fireplace Rooms: | None |
| Laundry: | Inside, Other |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Spanish Tile |
| Spa: | No |
Detailed Map
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Income
