4003 W Clark Ave - Multi-Family FOR SALE


Burbank, CA 91505
$1,698,000 USD
949-560-0959
4003 W Clark Ave, Burbank, CA for Sale
$1,698,000 USD
Multi-Family - FOR SALE
1/38
null | Request Cap Rate

4003 W Clark Ave
Burbank, CA 91505


HIGHLIGHTS

  • Single Story Duplex on R2 Lot Close to Film Studios
  • Fully Updated with Meticulous Quality & Noteworthy Style!
  • 2 Car Garage, All Major Work Permitted, New Roof, Move-In Ready
  • Private Yard and Sitting area on Main Unit and Private Rear Patio on Smaller Unit
  • Separate Utilities (Electrical, Gas, HVAC, Tankless Water Heaters)
  • Highly Desirable Family Friendly Neighborhood With Small Town Feel

OVERVIEW

Hallmark-Inspired Single-Story Duplex in Burbank California (Magnolia Park Community) – Meticulous Quality & Noteworthy Style! Located South of Magnolia just 2 blocks from the NEW Warner Brothers Ranch which is said to be the largest production soundstage development underway in the U.S.! R2 Zoning. No current leases in place. All work was permitted. New roof (2021). Separate heating/AC systems. Separate electrical meters and tankless water heaters. With so many recent upgrades (done correctly), this special property is perfect for growing families looking for extra rental income, long-term rental investors, or aging families needing on-site caretakers. Key property spaces include: 1) Impressive main unit with 2 spacious bedrooms, 2 Bathrooms (spa-inspired master bath), and a private outdoor yard/living space. 2) Nicely updated 1 bed/1 bath secondary unit with private outdoor patio, and 3) Large 2 car garage. Both units feature separate street-front porches (charming curb appeal). The main unit features a cozy living room with gas/wood burning fireplace, custom built-in cabinets and natural hardwood floors. Entertain friends and family in the nicely updated kitchen with granite counters, stainless appliances, gas stove, and quality cabinets. Adjacent to the kitchen is the office nook and interior laundry closet that will accommodate side-by-side or stackable units. The dining room features french doors that lead into the private and spacious outdoor space with covered seating/dining area and yard. Relax and unwind in the spacious master suite with huge walk-in closet and spa-inspired bathroom. The bathroom features a massive walk-in shower with shower systems, clawfoot tub, custom tilework, and dual vanity. The secondary guest unit is fully updated and move-in ready. The front porch welcomes you into the living room that flows nicely through the breakfast nook and into the kitchen. This kitchen features fresh white cabinets, granite counters, and stainless appliances (gas stove). There is an in-unit stackable laundry closet and a massive walk-in bedroom closet. Dual pane Milgard windows throughout. The attached secondary unit was constructed in 2003. All upgrade work including construction and roof replacement were permitted. The property is close to the studios, has views of the Wisdom Tree, and is walking distance to endless shopping and dining. No need to build an ADU as this property is ready to go! Property will be delivered without tenants.

FOR SALE DETAILS

PRICE

$1,698,000 USD

PRICE/SF

$919 USD /SF

# OF UNITS

2

PRICE/UNIT

$849,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burbank Single Story Duplex Near Studios

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,769 SF

ZONING

R2

APN/PARCEL ID

2481-006-013

ASK ABOUT THIS PROPERTY

Matt WhitcombColdwell Banker RealtyMore Info
949-560-0959

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Matt WhitcombColdwell Banker RealtyMore Info
949-560-0959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.