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424 Cedar AVE Burbank, CA 91501
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Key Details
Sold Price $3,475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
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*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
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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Bought with Unknown Agent • Data Migration