
Burbank, California 91506
This five-unit bungalow complex represents a High-Potential Investment Opportunity, listed at a List Price of $2,450,000. While the property is priced above its $2,262,012 Fair Market Value, the Mint Condition Rating and 2022 full-scale renovation ensure immediate operational stability. Featuring a permitted ADU and modernized systems, this asset minimizes capital expenditure requirements. Its strategic location near major studios drives consistent rental demand, making it a stable, turnkey acquisition. This property is an ideal choice for Buy-and-Hold Investors or Multifamily Portfolio Managers seeking a low-maintenance, income-generating asset in Burbank.
Property is new construction or fully renovated.
The property underwent a thorough remodel in 2022 (less than 5 years ago), including updated kitchens with stainless steel appliances, modern bathrooms, new laminate flooring, and recessed lighting. Systems are modernized with forced-air HVAC, dual-pane windows, and updated electrical metering, placing it in mint, turnkey condition.
Extensively remodeled in 2022, the property features updated kitchens, stainless steel appliances, dual-pane windows, and in-unit laundry hookups, significantly reducing immediate capital expenditure for a new owner.
Ideally situated near Warner Bros. and Walt Disney Studios, the property benefits from a high-demand rental market driven by a stable, professional tenant base in the entertainment industry.
The bungalow-style layout offers more privacy than traditional apartments and includes a permitted ADU, maximizing rental income potential while maintaining the charm of a low-density residential complex.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2685, other record living area = 2112.
The property provides only four dedicated parking spaces for five units, which may create logistical challenges for tenants and impact the property's competitiveness in a car-dependent area.
With a list price of $2.45M for 2,685 square feet, the high price-per-square-foot may result in a tighter capitalization rate, requiring aggressive rent management to achieve desired yields.
Exceptional opportunity to acquire a five-unit bungalow-style multifamily complex, thoroughly remodeled in 2022, consisting of three separate buildings in one of Burbank's most desirable neighborhoods. The property features four beautifully updated one-bedroom, one-bathroom units, plus a permitted one-bedroom, one-bathroom ADU, creating an attractive, low-maintenance investment with strong tenant appeal. Each unit was thoughtfully renovated a few years ago with forced-air heating and air conditioning, dual-pane windows, stylish kitchens with stainless steel appliances, modern laminate flooring, updated bathrooms, recessed lighting, and in-unit laundry hookups. The property offers four dedicated parking spaces, four storage spaces, and separately metered gas and electricity for each unit, providing convenient utility management. It has also has a brand new 75 gallon water heater and a new irrigation system. 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 and 134 Freeways, Hollywood Burbank Airport, Toluca Lake, parks, schools, and countless everyday conveniences. Combining extensive renovations, charming bungalow-style architecture, a permitted ADU, and an exceptional central location, 1004 W. Clark Ave presents a rare opportunity to own a turnkey, easy-to-manage multifamily asset in one of Southern California's most sought-after rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,685 | 3,026 |
| Lot Size | 6,430 | 4,201 |
| Price | $2.45M | $1.46M |
| Price per sq ft | $912 | $505 |
| Built year | 1938 | 1945 |
| HOA | $0 | $0 |
| Days on market | 36 | 107 |
Aug 4, 2026
$2,450,000
Initial Listing
Jun 13, 2022
$2,180,000
Public Record
Nov 15, 2021
$1,400,000
Public Record
May 24, 2011
$760,000
Public Record