2514 W Clark Avenue

  • Burbank

  • $2,580,000
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Residential Income Details

Description
Pride of ownership, Excellent location. First time on the market since 1977. NO RENT CONTROL - It presents a huge immediate rent upside for investors. Close to ABC, NBC, Disney Studio, City Hall, Burbank Library, St. Joseph Hospital and Burbank Airport. Close to 5 fwy and 134 fwy. The 5 units sits on 16,747 sq ft flat corner lot on Clark Ave and Frederic Street in the highly sought after prime area of Burbank. 4 units are 2 bedroom 1 bath and 1 unit is 2 bedroom and 2 bath (all single level). 2 buildings are duplex and one free standing building. High demand for rentals. Tenant pays for gas and electricity. It offers a rare opportunity for developers to build multi-rental units or condominiums. The rents for the new construction can be much higher than the pro forma rent.
Essential
MLS #SB18177895
Price$2,580,000
Number of Units5
Sale TypeStandard
Sub-TypeApartment
StatusActive
Listing BrokerageThe Realestate Group
Listing AgentConnie Paik
Listing Agent BRE #01290972
Co-Listing AgentDavid Paik
Co-Listing Agent BRE #01950557
Interior
FloorCarpet,Wood
Exterior
ParkingCovered Parking,Garage
Garage Spaces5
PoolNone
Community
Area610 - Burbank
CommunityUrban
Address2514 W Clark Avenue
CityBurbank
CountyLos Angeles
StateCA
ZipCode91505
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 14, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.