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424 Cedar Avenue

Burbank, CA 91501
  • $3,800,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: 222000112
Under Contract
UPDATED: 48 min ago
$3,800,000
  • 18
    BEDS
  • 0.18
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
  • 1,918
    SQFT
  • $1,981
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Tiffany Jennings of Mcd Realty Inc. ((805) 526-0901)


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 California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/124575497
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424 Cedar Avenue Burbank, CA 91501

  • Price: $3,800,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • Updated: 48 min ago
  • MLS #: 222000112
18
Beds
18
Baths
0
½ Baths
0.18
Acres
1,918
SQFT
$1,981
$/SQFT
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 Lot Features Paved Number Of Separate Electric Meters 10 Parking Features Controlled EntranceUnderground Parking Total 20 Pool Private YN No Property Attached YN Yes Road Frontage Type Alley Sign On Property YN No Spa YN No View YN No

Interior Features

Appliances DishwasherDisposalGas Water HeaterWater Heater Cooling Central AirElectricGas Cooling YN Yes Door Features Sliding Doors Fireplace Features GasLiving Room Fireplace YN Yes Flooring Carpet Heating CentralNatural Gas Heating YN Yes Window Features Blinds

Property Features

Association YN No Garage YN Yes Land Lease Amount 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Service Full Service Listing Terms CashConventional Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Number Of Units Leased 8 Possession Close Of Escrow Security Features Security GateSecurity Lights Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 15320 Zoning Bur4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Tiffany Jennings of Mcd Realty Inc. ((805) 526-0901)