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424 Cedar Avenue

Burbank, CA 91501
  • $3,800,000
  • STATUS: Active Under Contract
  • ON SITE: 9 Days
  • ID#: 222000112
Under Contract
UPDATED: 54 min ago
$3,800,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Description

Excellent investment opportunity: 10-unit apartment community located in the highly sought-after City of Burbank. Its unit mix consists of (2) one-bedroom, one-bath and (8) two-bedroom, two-bath units. Tenants enjoy the walkability and ease of access to shopping, dining, schools, parks, entertainment, public transportation, and freeways I-5 and SR-134. Carefully maintained by owner of 25 years with upgrades along the way. Recent improvements include new composition shingle roof, kitchen cabinets & appliances, hardwood floors, ceramic tile, and exterior paint. This building also features copper plumbing, newer 100+ gallon water heater, 2 parking spots per unit in gate-controlled underground parking with gated exit to alley. Exterior lighting and secured entrance to front doors provide added safety to tenants. Tenants also enjoy either a private balcony or patio, gas fireplace, central air, and attractive grounds. Coin-operated laundry machines provide additional income to owner. Gas and electric are separately metered.

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Based on information from CRISNet MLS as of 2022-01-18T07:56:11.12. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-01-18T07:56:11.12. 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.
www.bringingyouhomescv.com/homes/124575108
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424 Cedar Avenue Burbank, CA 91501

  • Price: $3,800,000
  • Status: Active Under Contract
  • On Site: 9 Days
  • Updated: 54 min ago
  • ID#: 222000112
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1986
Built
Neighborhood:
Custom - 4179
County:
Los Angeles
Area:
610 - Burbank
Property Description
Excellent investment opportunity: 10-unit apartment community located in the highly sought-after City of Burbank. Its unit mix consists of (2) one-bedroom, one-bath and (8) two-bedroom, two-bath units. Tenants enjoy the walkability and ease of access to shopping, dining, schools, parks, entertainment, public transportation, and freeways I-5 and SR-134. Carefully maintained by owner of 25 years with upgrades along the way. Recent improvements include new composition shingle roof, kitchen cabinets & appliances, hardwood floors, ceramic tile, and exterior paint. This building also features copper plumbing, newer 100+ gallon water heater, 2 parking spots per unit in gate-controlled underground parking with gated exit to alley. Exterior lighting and secured entrance to front doors provide added safety to tenants. Tenants also enjoy either a private balcony or patio, gas fireplace, central air, and attractive grounds. Coin-operated laundry machines provide additional income to owner. Gas and electric are separately metered.
Exterior Features

Entry Location Ground Level W/Steps Foundation Details BlockConcrete PerimeterPier JacksPillar/Post/Pier Levels Two Lot Features Paved Lot Size Area 7716.0000 Parking Features Controlled EntranceSubterranean Parking Total 20.00 Parking YN Yes Road Frontage Type Alley View YN No

Interior Features

Appliances DishwasherDisposalGas Water HeaterWater Heater Appliances YN Yes Cooling Central AirElectricGas Cooling YN Yes Door Features Sliding Doors Fireplace Features GasLiving Room Fireplace YN Yes Flooring Carpet Heating Natural GasCentral Heating YN Yes Laundry Features Community Laundry YN Yes Window Features Blinds

Property Features

Association YN No Land Lease YN No Pool Private YN No Property Attached YN Yes Security Features Automatic GateSecurity Lights Senior Community YN No Spa YN No Special Listing Conditions Standard Zoning Bur4*

Listing provided courtesy of Tiffany Jennings, CA DRE# 01992099, of Mcd Realty Inc..


Based on information from CRISNet MLS as of 2022-01-18T07:56:11.12. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-01-18T07:56:11.12. 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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