214 E Cedar Avenue

    Burbank, CA 91502
    • $1,625,000
    • STATUS: Closed
    • ON SITE: 192 days
    • ID#: SR19054835
    Sold - 07/26/2019
    $1,625,000
    SOLD - 07/26/2019
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,728
      SQFT
    • $436
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    This is a 4-unit no-rent control apartment building at 214-216 E. Cedar Avenue, in the city of Burbank California. Situated in a prime location the property comprise of four two-bedroom and one bathroom units, that together come to 3,728 square feet of rentable space on 7,028 square feet of land. Built in 1928 this complex has been well maintained and offers four garages. The roof, plumbing and all windows were upgraded approximately ten years ago. Furthermore, the property is separately metered for gas and electricity. In addition, each unit offers hook-ups for washer and dryer, tankless water heater and wall-unit AC and Heat. Located east of San Fernando Boulevard, this complex is within walking distance to the famous IKEA Burbank Home Furnishings, restaurants, retailers and downtown Burbank. Furthermore, the building sits mere minutes from the 134 and 5 Freeways.The property+GGs prime location, coupled with immediate upside potential, make it a fantastic investment opportunity.

    Sold by Andrea Gilbert of Pacific Sotheby's Int'l Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/92581173

    214 E Cedar Avenue Burbank, CA 91502

    • Price: $1,725,000
    • Status: Closed
    • Updated: 44 min ago
    • ID#: SR19054835
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,728
    SQFT
    $436
    $/SQFT
    1928
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    This is a 4-unit no-rent control apartment building at 214-216 E. Cedar Avenue, in the city of Burbank California. Situated in a prime location the property comprise of four two-bedroom and one bathroom units, that together come to 3,728 square feet of rentable space on 7,028 square feet of land. Built in 1928 this complex has been well maintained and offers four garages. The roof, plumbing and all windows were upgraded approximately ten years ago. Furthermore, the property is separately metered for gas and electricity. In addition, each unit offers hook-ups for washer and dryer, tankless water heater and wall-unit AC and Heat. Located east of San Fernando Boulevard, this complex is within walking distance to the famous IKEA Burbank Home Furnishings, restaurants, retailers and downtown Burbank. Furthermore, the building sits mere minutes from the 134 and 5 Freeways.The property+GGs prime location, coupled with immediate upside potential, make it a fantastic investment opportunity.
    Exterior Features

    Garage Spaces 4.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Forced Air Heating YN Yes Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 72000.00 Gross Scheduled Income 72000.00 Insurance Expense 1678.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2000.00 Net Operating Income 40088.00 New Construction YN No New Taxes Expense 21563.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 30472.00 Professional Management Expense 2822.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 30472.00 Trash Expense 0.00 Water Sewer Expense 1400.00 Water Source Public Year Built Source Assessor Zoning Bur4*

    Listing provided courtesy of Reza Ghobadi of Reza Ghobadi


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024