Michelle Schwartz
The Agency
(424) 370-0581
93 Total Sales
1 in Hillside District
$2,477,000 Price
623 E Cedar Ave Burbank, CA 91501
Hillside District Neighborhood
21
Beds
22
Baths
11,419
Sq Ft
8,767
Sq Ft Lot
About This Home
As of July 2018This professionally managed building features a unit mix with one (1) 1 bedroom unit, and ten (10) 2 bedroom units. The building has been very well maintained: seven units have newer plank flooring, two have units granite counter tops, and five of the HVAC units have been recently replaced. The property also features a pitched roof, central HVAC, ample gated parking, individual hot water heaters and alley access. This is an opportunity for an investor to capitalize on approximately 23% +/- rental upside with minimal capital expenditure.
Last Buyer's Agent
Mandi Liedtke
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 8,767
Interior Spaces
- 11,419 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 21 Bedrooms
- 22 Bathrooms
Parking
- 21 Parking Spaces
- Assigned Parking
Additional Features
- 8,767 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 11 Units
Listing and Financial Details
- Assessor Parcel Number 5621-021-015
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
Dec 13, 2018
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
$2,435,000
Outstanding Balance
$1,784,785
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 7, 2018
Closed on
Jul 2, 2018
Sold by
Bought by
Seller's Agent
Andy Kawatra
Equity Union
Buyer's Agent
Mandi Liedtke
List Price
$4,900,000
Sold Price
$4,500,000
Premium/Discount to List
-$400,000
-8.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,075,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 24, 2011
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
$1,380,000
Interest Rate
4.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 6, 2009
Sold by
Bought by
Purchase Details
Closed on
Jul 31, 2007
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
$1,365,000
Interest Rate
6.74%
Mortgage Type
Commercial
Purchase Details
Closed on
May 9, 2002
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
$500,000
Interest Rate
6.86%
Mortgage Type
Commercial
Purchase Details
Closed on
May 8, 2002
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
$500,000
Interest Rate
6.86%
Mortgage Type
Commercial
Purchase Details
Closed on
May 20, 1996
Sold by
Bought by
Purchase Details
Closed on
May 19, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hillside District, CA
-
Michelle Schwartz
-
George Andrianopoulos
George Andrianopoulos
Compass
(626) 788-8206
22 Total Sales
3 in Hillside District
$560K - $1.4M Price Range
-
Dennis Chernov
Dennis Chernov
Equity Union
(626) 657-2705
467 Total Sales
3 in Hillside District
$1.4M - $1.6M Price Range
-
Jesse Hlubik
Jesse Hlubik
Berkshire Hathaway HomeServices California Properties
(747) 998-0867
32 Total Sales
1 in Hillside District
$1,375,000 Price
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
135 Total Sales
1 in Hillside District
$1,500,000 Price
-
Cherryl Weaver
Cherryl Weaver
Re/Max Tri-City
(213) 516-9631
29 Total Sales
2 in Hillside District
$1.2M - $1.4M Price Range
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 |
|---|---|---|---|
| -- | Ticor Title Company | ||
| $4,500,000 | Ticor Title | ||
| -- | Old Republic Title Company | ||
| -- | None Available | ||
| -- | Chicago Title Co | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title Co | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title | ||
| -- | -- | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $2,435,000 | ||
| Previous Owner | $2,075,000 | ||
| Previous Owner | $1,335,000 | ||
| Previous Owner | $1,380,000 | ||
| Previous Owner | $1,365,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $500,000 |
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 |
|---|---|---|---|---|
| 07/09/2018 07/09/18 | Sold | $4,500,000 | -2.2% | $394 / Sq Ft |
| 04/26/2018 04/26/18 | Price Changed | $4,600,000 | -6.1% | $403 / Sq Ft |
| 03/07/2018 03/07/18 | For Sale | $4,900,000 | -- | $429 / Sq Ft |
Source: The MLS
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 | $57,231 | $5,019,830 | $2,007,932 | $3,011,898 |
| 2024 | $55,471 | $4,921,403 | $1,968,561 | $2,952,842 |
| 2023 | $54,883 | $4,824,906 | $1,929,962 | $2,894,944 |
| 2022 | $52,413 | $4,730,301 | $1,892,120 | $2,838,181 |
| 2021 | $52,194 | $4,637,551 | $1,855,020 | $2,782,531 |
| 2019 | $50,090 | $4,500,000 | $1,800,000 | $2,700,000 |
| 2018 | $20,219 | $1,731,740 | $519,515 | $1,212,225 |
| 2016 | $19,088 | $1,664,496 | $499,343 | $1,165,153 |
| 2015 | $18,713 | $1,639,495 | $491,843 | $1,147,652 |
| 2014 | $18,718 | $1,607,381 | $482,209 | $1,125,172 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Kawatra
Seller's Agent in 2018
Andy Kawatra
Equity Union
(818) 456-7846
2 in this area
19 Total Sales
-
Sevak Keshishian
Seller Co-Listing Agent in 2018
Sevak Keshishian
Marcus & Millichap
(818) 394-0772
53 Total Sales
-
M
Buyer's Agent in 2018
Mandi Liedtke
-
L
Buyer's Agent in 2018
Levon Alexanian
Map
Source: The MLS
MLS Number: 18-320554
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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