NOT LISTED FOR SALE

623 E Cedar Ave Burbank, CA 91501

Hillside District Neighborhood
21 Beds
22 Baths
11,419 Sq Ft
8,767 Sq Ft Lot

Sale Details

Date Sold: July 9, 2018

Last sale price $4,500,000 $394 Per Sq Ft

51 Days on Market

About This Home

As of July 2018

This 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 Agent to Sell the Property

Andy Kawatra

Andy Anubhav Kawatra License #01881930 Listed on: 03/07/2018

Co-Listed By

Sevak Keshishian

Marcus & Millichap License #01887505

Last Buyer's Agent

Mandi Liedtke

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

8,767 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11419
  • Stories: 2
  • Year Built: 1984
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 21
  • Total Bathrooms: 22.00
  • Price Per S Q F T: 402.84

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 21

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5621-021-015
  • Geocode Override: No
  • Lot Size Area: 8767

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.17
  • Number Of Units: 11
  • Type Of Units: Apartment
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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

    Andy Anubhav Kawatra

    (818) 456-7846

    2 in this area

    18 Total Sales

    Andy Kawatra
    Section Image
  • Sevak Keshishian

    Seller Co-Listing Agent in 2018

    Sevak Keshishian

    Marcus & Millichap

    (818) 394-0772

    53 Total Sales

    Sevak Keshishian
    Section Image

  • M

    Buyer's Agent in 2018

    Mandi Liedtke

  • L

    Buyer's Agent in 2018

    Levon Alexanian

See All Agents

Map

Source: The MLS

MLS Number: 18-320554

The MLS
California Los Angeles County Burbank 91501 Hillside District

623 E Cedar Ave, Burbank, CA

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