NOT LISTED FOR SALE

214 E Cedar Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,617,000 - $2,441,000

2 Beds
1 Bath
3,728 Sq Ft
$565/Sq Ft Est. Value

Sale Details

Date Sold: July 26, 2019

Last sale price $1,625,000 $436 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $13,712 / mo

127 Days on Market

Highlights

  • Forced Air Heating System
  • Back Yard
  • 2-minute walk to Robert R. Ovrom Park
  • Joaquin Miller Elementary School Rated A-

About This Home

As of July 2019

This is a 4-unit no-rent control apartment building at 214-216 E. Cedar Avenue, in the city of Burbank California. Situated in a prime location the property comprise of four two-bedroom and one bathroom units, that together come to 3,728 square feet of rentable space on 7,028 square feet of land. Built in 1928 this complex has been well maintained and offers four garages. The roof, plumbing and all windows were upgraded approximately ten years ago. Furthermore, the property is separately metered for gas and electricity. In addition, each unit offers hook-ups for washer and dryer, tankless water heater and wall-unit AC and Heat. Located east of San Fernando Boulevard, this complex is within walking distance to the famous IKEA Burbank Home Furnishings, restaurants, retailers and downtown Burbank. Furthermore, the building sits mere minutes from the 134 and 5 Freeways.

The property’s prime location, coupled with immediate upside potential, make it a fantastic investment opportunity.

Last Agent to Sell the Property

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 03/11/2019

Last Buyer's Agent

Yiming Kii

Better Homes & Gardens Real Estate / JFF License #01401331

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,028 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • 3,728 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Laundry in unit
  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 61
  • Tax Tract Number 310703
  • Assessor Parcel Number 2453035022

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $400
  • Gardener Expense $600
  • Insurance Expense $1,678
  • Maintenance Expense $2,000
  • Professional Management Expense $2,822
  • Water Sewer Expense $1,400
  • New Taxes Expense $21,563
  • Operating Expense $30,472
  • Gross Income $72,000
  • Net Operating Income $40,088

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

7,028 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 2822.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2453035022
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 435.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7028.00
  • Lot Size Acres: 0.1613

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1678.00
  • Lot Size Area: 7028.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 40088.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 30472.00
  • Rent Control: No
  • Total Expenses: 30472.00

Tax Info

  • New Taxes Expense: 21563.00
  • Tax Census Tract: 3107.03
  • Tax Lot: 61
  • Tax Tract Number: 310703

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Burbank, CA

  • Jerry Linney Real Estate Agent - First Team Real Estate

    Jerry Linney

    First Team Real Estate

    (619) 773-0841

    60 Total Sales

    2 in Downtown Burbank

    $1,100,000 Price Range

    Jerry Linney
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  • Mel Macklin Real Estate Agent - HomeSmart, Evergreen Realty

    Mel Macklin

    HomeSmart, Evergreen Realty

    (747) 307-7003

    49 Total Sales

    2 in Downtown Burbank

    $670,000 Price Range

    Mel Macklin
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  • Brent Ballard Real Estate Agent - Anderson Ballard Companies

    Brent Ballard

    Anderson Ballard Companies

    (747) 307-4526

    166 Total Sales

    1 in Downtown Burbank

    $1,680,000 Price

    Brent Ballard
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  • Victoria Waldorf Real Estate Agent - Equity Union

    Victoria Waldorf

    Equity Union

    (747) 293-4720

    88 Total Sales

    3 in Downtown Burbank

    $740K - $745K Price Range

    Victoria Waldorf
     Section Image
  • Amy Engler Real Estate Agent - Douglas Elliman of California, Inc.

    Amy Engler

    Douglas Elliman of California, Inc.

    (424) 541-1946

    60 Total Sales

    1 in Downtown Burbank

    $615,000 Price

    Amy Engler
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  • David Nalbandyan Real Estate Agent - LA Premier Realty

    David Nalbandyan

    LA Premier Realty

    (747) 277-0134

    83 Total Sales

    1 in Downtown Burbank

    $1,350,000 Price

    David Nalbandyan
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/26/2019 07/26/19 Sold $1,625,000 -5.8% $436 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $1,725,000 -- $463 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

  • Reza Ghobadi Real Estate Agent - Reza Ghobadi

    Seller's Agent in 2019

    Reza Ghobadi

    Reza Ghobadi

    (818) 793-2923

    19 Total Sales

    Reza Ghobadi
    Section Image

  • Y

    Buyer's Agent in 2019

    Yiming Kii

    Better Homes & Gardens Real Estate / JFF

  • A

    Buyer's Agent in 2019

    Andrea Gilbert

    Compass

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19054835

California Regional Multiple Listing Service (CRMLS)

APN: 2453-035-022

California Los Angeles County Burbank 91502 Downtown Burbank

214 E Cedar Ave, Burbank, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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