NOT LISTED FOR SALE

1021 W Clark Ave Burbank, CA 91506

Chandler Park Neighborhood
6 Beds
4 Baths
9,725 Sq Ft
0.38 Acres

Last Sold October 21, 2016

Last sale price $3,130,000 $322 Per Sq Ft

45 Days on Market

Highlights

  • 16,643 Sq Ft lot
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Walt Disney Elementary School Rated A
  • Living Room
  • 3-minute walk to George Izay Park

About This Home

As of October 2016

Excellent Burbank location, just 1/2 Block from an elementary school and 1/2 block from a park this 11 unit apartment building has huge units and tremendous upside in rents. Many tenants have lived in the property for 5+ years and turnover is very low. Burbank is perfectly situated near the 5 freeway and gives tenants access to any part of the media driven employment base and all of the industry that serves it. Unequaled location, large units, no Rent Control, and no city inspections make this an excellent long term investment.

Last Agent to Sell the Property

Steve Maynard

Stephen Maynard License #00991260 Listed on: 07/08/2016

Last Buyer's Agent

Steve Marx

Core Real Estate License #01209799

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.38 Acre Lot
  • 1 Common Wall
  • Block Wall Fence
  • Garden

Parking

  • 2 Car Garage
  • 20 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Wood Siding

Interior Spaces

  • 9,725 Sq Ft Home
  • Living Room
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 3108
  • Assessor Parcel Number 2446007011

Community Details

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Gardener Expense $975
  • Insurance Expense $2,900
  • Pest Control $832
  • Professional Management Expense $6,000
  • Trash Expense $5,461
  • Water Sewer Expense $3,436
  • New Taxes Expense $35,000
  • Gross Income $13,525
  • Net Operating Income $103,291

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3436.00
  • Property Type: Residential Income
  • Gardener Expense: 975.00
  • Parcel Number: 2446007011
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 321.85
  • Room Type: Living Room

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 20.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 832.00
  • Trash Expense: 5461.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 16643.00
  • Price Per Lot Square Foot: 211.50

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 13525.00
  • Gross Scheduled Income: 162300.00
  • Insurance Expense: 2900.00
  • Net Operating Income: 103291.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 54150.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 35000.00
  • Tax Lot: 17
  • Tax Tract Number: 3108`

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $3,130,000 -11.1% $322 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $3,520,000 0.0% $362 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $3,520,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Maynard

    Stephen Maynard

    (310) 335-6050

    2 Total Sales

    Section Image
  • Steve Marx

    Buyer's Agent in 2016

    Steve Marx

    Core Real Estate

    (818) 640-6265

    18 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16140386

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Burbank 91506 Chandler Park

1021 W Clark Ave, Burbank, CA

This home is located at 1021 W Clark Ave, Burbank, CA 91506 since 08 July 2016. This property was built in 1961. 1021 W Clark Ave is a home located in Los Angeles County with nearby schools including Walt Disney Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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