NOT LISTED FOR SALE

2514 W Clark Ave Burbank, CA 91505

Magnolia Park Neighborhood
10 Beds
6 Baths
4,347 Sq Ft
0.39 Acres

Last Sold September 25, 2018

Last sale price $2,170,000 $499 Per Sq Ft

31 Days on Market

Highlights

  • No Units Above
  • 16,829 Sq Ft lot
  • No HOA
  • Dolores Huerta Middle School Rated A-
  • Wood Flooring
  • Laundry Room

About This Home

As of September 2018

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.

Last Agent to Sell the Property

Connie Paik

The Realestate Group License #01290972 Listed on: 07/27/2018

The Realestate Group

Co-Listed By

David Paik

The Realestate Group License #01950557

Last Buyer's Agent

Syrus Jamneshan

Coldwell Banker Residential Brokerage License #01163234

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.39 Acre Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 4,347 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 36 / 37
  • Tax Tract Number 9736
  • Assessor Parcel Number 2479023023

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,000
  • Insurance Expense $2,931
  • Trash Expense $1,728
  • Water Sewer Expense $3,540
  • New Taxes Expense $27,000
  • Operating Expense $38,199
  • Gross Income $74,940
  • Net Operating Income $36,741

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Other Phone Description: Connie
  • Other Phone Number: 3104808389
  • Property Attached: Yes
  • Water Sewer Expenses: 3540.00
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 2479023023
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Street
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 499.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Covered, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1728.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 16829.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 74940.00
  • Gross Scheduled Income: 74940.00
  • Insurance Expense: 2931.00
  • Net Operating Income: 36741.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 38199.00
  • Rent Control: No
  • Total Expenses: 38199.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Block: 37
  • Tax Census Tract: 3115.00
  • Tax Lot: 36
  • Tax Tract Number: 9736

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/25/2018 09/25/18 Sold $2,170,000 -15.9% $499 / Sq Ft
07/27/2018 07/27/18 For Sale $2,580,000 -- $594 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Connie Paik

    The Realestate Group

    (310) 540-0072

    3 Total Sales

    Connie Paik
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    David Paik

    The Realestate Group

  • Syrus Jamneshan

    Buyer's Agent in 2018

    Syrus Jamneshan

    Coldwell Banker Residential Brokerage

    (818) 388-3033

    8 Total Sales

    Syrus Jamneshan
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18177895

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Burbank 91505 Magnolia Park

2514 W Clark Ave, Burbank, CA

This home is located at 2514 W Clark Ave, Burbank, CA 91505 since 27 July 2018. This property was built in 1944. 2514 W Clark Ave is a home located in Los Angeles County with nearby schools including Dolores Huerta Middle School, John Burroughs High School, and Brighton Hall.

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

Nearby Homes