Seller's Agent in 2023
Jenan Musulli
Coldwell Banker Realty
(626) 318-7118
1 in this area
119 Total Sales
606 E Cypress Ave Burbank, CA 91501
Hillside District Neighborhood
6
Beds
5
Baths
3,326
Sq Ft
7,609
Sq Ft Lot
Highlights
- No Units Above
- All Bedrooms Downstairs
- Wood Flooring
- Ralph Emerson Elementary School Rated A-
- Traditional Architecture
- Private Yard
About This Home
As of November 2023Ideally located close to Downtown Burbank in the highly sought-after neighborhood between Glenoaks Blvd and Kenneth Rd, this well maintained five-unit income property has been in the same family since it was built in 1950. Units such as these are a rare gem and present an outstanding opportunity for investors and discerning buyers. The property consists of one two-bedroom, one-bathroom unit plus four additional one-bedroom, one-bathroom units. Four of the units are attached and there is one unit that sits above the garages. The units feature wonderful hardwood flooring and charming 1950's tile in the bathrooms and kitchens. The plumbing has been upgraded to PEX pipes. Currently all the units are tenant occupied and each tenant has one enclosed garage space, accessed from the alley behind the building, (There are two, 2-car garages and one, 1-car garage). There is a separate laundry room with coin operated machines that will be included in the sale. Please note that all units are currently rented and the interior photos displayed were taken prior to the last tenant occupying the unit. Units will be sold in an as-is condition. Don't miss the chance to own this remarkable property with convenient accessibility to Burbank's highly rated schools, the Burbank studios, Burbank Town Center, parks, fine dining and entertainment centers.
Last Agent to Sell the Property
Coldwell Banker Realty License #01438002 Listed on: 09/26/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 7,609 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- West Facing Home
- Partially Fenced Property
- Sprinklers on Timer
- Private Yard
- Lawn
Parking
- 5 Car Garage
- Parking Available
Home Design
- 3,326 Sq Ft Home
- Traditional Architecture
- Apartment
- Raised Foundation
- Frame Construction
- Composition Roof
- Stucco
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- All Bedrooms Down
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
- Natural Gas Connected
Additional Features
- Gas Oven
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 18 / 21
- Tax Tract Number 310
- Assessor Parcel Number 2455039011
Community Details
Overview
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Gardener Expense $2,275
- Insurance Expense $2,934
- Maintenance Expense $6,681
- Other Expense $2,196
- Pest Control $528
- Supplies Expense $214
- Water Sewer Expense $1,315
- New Taxes Expense $1
- Operating Expense $16,143
- Gross Income $84,000
- Net Operating Income $67,857
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | $1,500,000 | -4.4% | $451 / Sq Ft |
| 09/25/2023 09/25/23 | For Sale | $1,569,000 | -- | $472 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $17,307 | $1,530,000 | $1,122,000 | $408,000 |
| 2024 | $17,307 | $1,500,000 | $1,100,000 | $400,000 |
| 2023 | $2,114 | $114,696 | $44,742 | $69,954 |
| 2022 | $2,047 | $112,448 | $43,865 | $68,583 |
| 2021 | $2,019 | $110,244 | $43,005 | $67,239 |
| 2019 | $1,964 | $109,752 | $41,731 | $68,021 |
| 2018 | $1,847 | $107,655 | $40,913 | $66,742 |
| 2016 | $1,692 | $100,809 | $39,325 | $61,484 |
| 2015 | $1,669 | $99,296 | $38,735 | $60,561 |
| 2014 | $1,703 | $97,352 | $37,977 | $59,375 |
Source: Public Records
Agents Affiliated with this Home
-
Jenan Musulli
-
George Musulli
G
Seller Co-Listing Agent in 2023
George Musulli
Coldwell Banker Realty
(626) 318-7119
1 in this area
127 Total Sales
-
Arsen Kobramasihi
A
Buyer's Agent in 2023
Arsen Kobramasihi
Equity Union
(818) 434-6429
6 in this area
27 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-15200
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