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424 E Cedar Avenue Burbank, CA 91501
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Key Details
Sold Price $3,475,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,918 sqft
Price per Sqft $1,811
Subdivision Custom
MLS Listing ID 222000112
Sold Date 02/18/22
Bedrooms 18
Full Baths 18
Originating Board Conejo Simi Moorpark Association of REALTORS®
Year Built 1986
Lot Size 7,716 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
Interior
Heating Central Furnace, Natural Gas
Cooling Central A/C, Electric, Gas
Flooring Carpet, Hardwood, Stone Tile
Fireplaces Type Other, Living Room, Gas
Laundry Community, Laundry Area
Exterior
Exterior Feature Balcony
Parking Features Alley Access, Controlled Entrance
Garage Spaces 20.0
View Y/N No
Building
Lot Description Automatic Gate
Story 2
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