NOT LISTED FOR SALE

424 E Cedar Ave Burbank, CA 91501

Hillside District Neighborhood
18 Beds
18 Baths
1,918 Sq Ft
7,716 Sq Ft Lot

Last Sold February 18, 2022

Last sale price $3,475,000 $1,812 Per Sq Ft

40 Days on Market

Highlights

  • No HOA
  • Subterranean Parking
  • Laundry Room
  • Joaquin Miller Elementary School Rated A-
  • Cooling System Powered By Gas
  • Sliding Doors

About This Home

As of February 2022

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.

Last Agent to Sell the Property

Tiffany Jennings

Tiffany Jennings Realty License #01992099 Listed on: 01/08/2022

Last Buyer's Agent

Unknown Agent

Data Migration

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,716 Sq Ft Lot
  • Property fronts an alley
  • Paved or Partially Paved Lot

Parking

  • 20 Car Garage
  • Subterranean Parking
  • Parking Available
  • Automatic Gate
  • Controlled Entrance

Home Design

  • Property Attached
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Concrete Perimeter Foundation
  • Pier Jacks

Interior Spaces

  • 1,918 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Living Room with Fireplace
  • Carpet
  • Security Lights
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Full Bathrooms

Utilities

  • Cooling System Powered By Gas
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5621024010

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Custom 4179 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

20

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Automatic Gate, Security Lights
  • View: No
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Parcel Number: 5621024010
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Living Area: 1918.00
  • Stories: 2
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 18
  • Total Bedrooms: 18
  • Door Features: Sliding Doors
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Window Features: Blinds

Exterior Features

  • Foundation: Block, Concrete Perimeter, Pier Jacks, Pillar/Post/Pier
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 20.00
  • Parking: Yes
  • Parking Features: Controlled Entrance, Subterranean
  • Total Parking Spaces: 20.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Water Heater
  • Heating Type: Natural Gas, Central
  • Laundry Features: Community
  • Cooling: Central Air, Electric, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Green Features

  • Green Location: Walkability

Lot Info

  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 7716.00
  • Lot Size Acres: 0.1771

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7716.0000 Square Feet
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Leased: 8
  • Number Of Units Total: 10
  • Number With Range: 10
  • Total Actual Rent: 15320.00

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $3,475,000 -8.6% $1,812 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
01/08/2022 01/08/22 For Sale $3,800,000 -- $1,981 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tiffany Jennings

    Tiffany Jennings Realty

    (626) 720-2780

    1 in this area

    4 Total Sales

    Tiffany Jennings
    Section Image

  • U

    Buyer's Agent in 2022

    Unknown Agent

    Data Migration

See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: 222000112

Ventura County Regional Data Share
California Los Angeles County Burbank 91501 Hillside District

424 E Cedar Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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