Burbank, CA 91501,424 Cedar AVE

$3,475,000

$3,800,000

8.6%
Est.Price: ?

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Est. payment /mo

18 Beds

18 Baths

1,918 SqFt


SOLD DATE : 02/18/2022

Key Details

Sold Price $3,475,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,918 sqft

Price per Sqft $1,811

Subdivision Custom - 4179

MLS Listing ID 222000112

Bedrooms 18

Full Baths 18

Year Built 1986

Lot Size 7,714 Sqft

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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central, Natural Gas

Cooling Central Air, Electric, Gas

Flooring Carpet

Fireplaces Type Gas, Living Room

Laundry Common Area

Exterior

Garage Controlled Entrance, Underground

Garage Spaces 20.0

Garage Description 20.0

View Y/N No

Building

Lot Description Paved

Story 2

Foundation Block, Concrete Perimeter, Pier Jacks, Pillar/Post/Pier

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tiffany Jennings • MCD Realty Inc.
Bought with Unknown Agent • Data Migration

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