NOT LISTED FOR SALE

601 E Cedar Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,308,000 - $3,607,626

4 Beds
3 Baths
2,431 Sq Ft
$787/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $1,008,000 $415 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $11,740/month

92 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Wall Furnace
  • Joaquin Miller Elementary School Rated A-
  • Laundry Room

About This Home

As of July 2015

This 4 unit building in the Burbank hills is to be sold in conjunction with 603 and 609 E. Cedar. Prime location for development! Located on the corner of Cedar and 6th Street. There are two properties that are 4 units each and one property @609 E. Cedar that is two on a lot. All zoned R-4. The lots total 26,224 sq ft. Possiblity to build 26 units and if special conditions are met, more units could be allowed. Buyer to due diligence with the city of Burbank building department. Four car garage at rear of property.

Last Agent to Sell the Property

Joyce Starleaf

Equity Union License #00782682 Listed on: 03/05/2015

Equity Union

Co-Listed By

Alison Tideback

Equity Union License #01334601

Last Buyer's Agent

Caroline Khabbaz

Coldwell Banker Realty License #01396972

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,692

Year Built

  • Built in 1949

Lot Details

  • 8,475 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,431 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Water Heater
  • Sewer Paid

Additional Features

  • Disposal
  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 5595
  • Assessor Parcel Number 5621021009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $285
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Maintenance Expense $1,325
  • Water Sewer Expense $1,440
  • Gross Income $5,016
  • Net Operating Income $54,802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,692

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Alison Tideback
  • Other Phone Number: 818-426-4833
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5621021009
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 414.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8475.00
  • Price Per Lot Square Foot: 118.94
  • Lot Size Acres: 0.1950

Multi Family

  • Electric Expense: 285.00
  • Gross Income: 5016.00
  • Gross Scheduled Income: 60192.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8475.0000 Square Feet
  • Maintenance Expense: 1325.00
  • Net Operating Income: 54802.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5390.00
  • Rent Control: No
  • Total Actual Rent: 5016.00

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 5595
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2021
Sold by
Rafa La Development Llc
Bought by
605 Cedar Properties Llc
Current Estimated Value
$1,914,157

Purchase Details

Listed on
Mar 5, 2015
Closed on
Jul 22, 2015
Sold by
Ayed Alicia
Bought by
Rafa La Development Llc
Seller's Agent
Joyce Starleaf
Equity Union
Buyer's Agent
Caroline Khabbaz
Coldwell Banker Realty
List Price
$1,200,000
Sold Price
$1,008,000
Premium/Discount to List
-$192,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Jan 6, 2010
Sold by
Ayed Sami
Bought by
Ayed Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2006
Sold by
Ayed Sami
Bought by
Ayed Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2006
Sold by
Mccoy Cecelia C and Mccoy Exclusion Trust
Bought by
Ayed Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2005
Sold by
Mccoy Cecelia C and Edward H & Margaret E Mccoy Tr
Bought by
Mccoy Cecelia C and Edward H & Margaret E Mccoy Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
605 Cedar Properties Llc -- Accommodation
Rafa La Development Llc $2,016,000 Orange Coast Title Co Socal
Ayed Alicia -- Servicelink
Ayed Alicia -- Fidelity Van Nuys
Ayed Alicia $870,000 Fidelity Van Nuys
Mccoy Cecelia C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ayed Alicia $700,000
Previous Owner Ayed Alicia $696,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2015 07/29/15 Sold $1,008,000 -16.0% $415 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $1,200,000 -- $494 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,692 $1,515,403 $909,242 $606,161
2024 $16,692 $1,485,690 $891,414 $594,276
2023 $16,514 $1,456,560 $873,936 $582,624
2022 $15,767 $1,428,000 $856,800 $571,200
2021 $12,446 $1,102,393 $664,936 $437,457
2020 $12,309 $1,091,090 $658,118 $432,972
2019 $11,944 $1,069,697 $645,214 $424,483
2018 $11,804 $1,048,723 $632,563 $416,160
2016 $11,213 $1,008,000 $608,000 $400,000
2015 $8,895 $800,000 $687,500 $112,500
2014 $8,401 $740,000 $635,900 $104,100
Source: Public Records

Agents Affiliated with this Home

  • Joyce Starleaf

    Seller's Agent in 2015

    Joyce Starleaf

    Equity Union

    (818) 612-0514

    10 in this area

    77 Total Sales

    Joyce Starleaf
    Section Image
  • Alison Tideback

    Seller Co-Listing Agent in 2015

    Alison Tideback

    Equity Union

    (818) 426-4833

    9 in this area

    65 Total Sales

    Alison Tideback
    Section Image
  • Caroline Khabbaz

    Buyer's Agent in 2015

    Caroline Khabbaz

    Coldwell Banker Realty

    (323) 855-5001

    17 Total Sales

    Caroline Khabbaz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB15047757

California Regional Multiple Listing Service (CRMLS)

APN: 5621-021-009

California Los Angeles County Burbank 91501 Hillside District

601 E Cedar Ave, Burbank, CA

This home is located at 601 E Cedar Ave, Burbank, CA 91501 since 05 March 2015 and is currently estimated at $1,914,157, approximately $787 per square foot. This property was built in 1949. 601 E Cedar Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir Middle School, and Burbank High School.

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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