NOT LISTED FOR SALE

603 E Cedar Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,386,977 - $1,640,000

5 Beds
4 Baths
2,431 Sq Ft
$618/Sq Ft Est. Value

Sale Details

Date Sold: July 29, 2015

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

Est. 49% increase in value since last sale

Current estimated payment $9,544 / mo

92 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 4-minute walk to Joaquin Miller Park
  • Joaquin Miller Elementary School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of July 2015

This 4 unit building in the Burbank hills is to be sold in conjunction with 601 and 609 E. Cedar. Prime location for development! Located on the corner of Cedar and 6th Street. There are 2 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 complete 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

Year Built

  • Built in 1949

Lot Details

  • 8,731 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

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Laundry in unit
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5595
  • Assessor Parcel Number 5621021011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Maintenance Expense $1,156
  • Water Sewer Expense $1,460
  • Gross Income $5,071
  • Net Operating Income $56,136

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

8,731 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1460.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5621021011
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • 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
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • 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: 8731.00
  • Price Per Lot Square Foot: 115.45
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 5071.00
  • Gross Scheduled Income: 60852.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8731.0000 Square Feet
  • Maintenance Expense: 1156.00
  • Net Operating Income: 56136.00
  • 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: 4716.00
  • Rent Control: No
  • Total Actual Rent: 5071.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 5595
  • Tax Year: 2014

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2021
Sold by
Bought by
Current Estimated Value
$1,501,994

Purchase Details

Closed on
Dec 18, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,900
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2006
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Buyer Sale Price Title Company
-- Accommodation
-- Servicelink
-- Fidelity Van Nuys
$870,000 Fidelity Van Nuys
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $706,900
Previous Owner $696,000
Source: Public Records

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
07/29/2015 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

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

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 $17,173 $1,515,403 $909,242 $606,161
2024 $16,703 $1,485,690 $891,414 $594,276
2023 $16,525 $1,456,560 $873,936 $582,624
2022 $15,778 $1,428,000 $856,800 $571,200
2021 $12,457 $1,102,393 $664,936 $437,457
2020 $12,320 $1,091,090 $658,118 $432,972
2019 $11,955 $1,069,697 $645,214 $424,483
2018 $11,801 $1,048,723 $632,563 $416,160
2016 $11,209 $1,008,000 $608,000 $400,000
2015 $8,891 $800,000 $710,600 $89,400
2014 $8,397 $740,000 $657,300 $82,700
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

    72 Total Sales

    Joyce Starleaf
    Section Image
  • Alison Tideback

    Seller Co-Listing Agent in 2015

    Alison Tideback

    Equity Union

    (818) 426-4833

    8 in this area

    57 Total Sales

    Alison Tideback
    Section Image
  • Caroline Khabbaz

    Buyer's Agent in 2015

    Caroline Khabbaz

    Coldwell Banker Realty

    (323) 855-5001

    13 Total Sales

    Caroline Khabbaz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB15047793

California Regional Multiple Listing Service (CRMLS)

APN: 5621-021-011

California Los Angeles County Burbank 91501 Hillside District

603 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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