Excellent investment opportunity: 10-unit apartment community located in the highly sought-after City of Burbank. Its unit mix consists of (2) one-bedroom, one-bath and (8) two-bedroom, two-bath units. Tenants enjoy the walkability and ease of access to shopping, dining, schools, parks, entertainment, public transportation, and freeways I-5 and SR-134. Carefully maintained by owner of 25 years with upgrades along the way. Recent improvements include new composition shingle roof, kitchen cabinets & appliances, hardwood floors, ceramic tile, and exterior paint. This building also features copper plumbing, newer 100+ gallon water heater, 2 parking spots per unit in gate-controlled underground parking with gated exit to alley. Exterior lighting and secured entrance to front doors provide added safety to tenants. Tenants also enjoy either a private balcony or patio, gas fireplace, central air, and attractive grounds. Coin-operated laundry machines provide additional income to owner. Gas and electric are separately metered.
Off market
$3,017,000
424 E Cedar Ave, Burbank, CA 91501
18beds
1,918sqft
MultiFamily
Built in 1986
-- sqft lot
$3,017,000 Zestimate®
$1,573/sqft
$3,267 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 18
- Full bathrooms: 18
Features
- Fireplace features: Other
- Common walls with other units/homes: Yes
Interior area
- Total interior livable area: 1,918 sqft
Property
Parking
- Total spaces: 20
Features
- Entry location: Ground Level w/Steps
Lot
- Size: 7,714 sqft
Details
- Parcel number: 5621024010
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1986
Community & neighborhood
Location
- Region: Burbank
Other
Other facts
- Lock Box Location: No Lockbox
- Special Conditions: Standard
- Unit 1 Furnished: Unfurnished
- Unit 2 Furnished: Unfurnished
- Unit 4 Furnished: Unfurnished
- Lot Size Source: Public Records
- Paved: Yes
- Property Type: C
- Disclosures: Property As Is, Compensation to Buyer's Agent
- Fireplace Features: Other
- Lock Box Type: No Lockbox
- Fireplace: Yes
- Construction: Frame & Stucco
- Foundation: Concrete Slab, Pillar/Post/Pier, Concrete Block, Concrete Perimeter, Pier Jacks
- Heating Fuel: Natural Gas
- Heating Type: Central Furnace
- Flooring: Carpet, Stone Tile, Hardwood
- Water Heater: Yes
- Appliances: Dishwasher, Garbage Disposal
- Other Property Features: Balcony, Full Copper Plumbing
- Possession: Close of Escrow
- Unit 3 Furnished: Unfinished
- Cooking Appliances: Oven
- Entry Location: Ground Level w/Steps
- Year Built Source: Assessor
- Fireplace Location: Living Room
- Bathroom Features: Shower & Tub
- Unit 5 Furnished: Unfinished
- Laundry Equipment: Own
- Laundry Locations: Laundry Area, Community
- Water Heater Feature: Gas, 60+ Gallon Tank, Hot Water Circulator
- Fireplace Fuel: Gas
- Doors: Sliding Glass Door(s)
- Lot Location: Alley Access
- Alley: Yes
- Windows: Vertical Blinds, Window Blinds
- Patio Features: Enclosed
- Security Safety: Exterior Security Lights, Automatic Gates
- Cooling Type: Central A/C, Gas, Electric
- Unit 6 Furnished: Unfinished
- Unit 7 Furnished: Unfinished
- Unit 8 Furnished: Unfinished
- Unit 9 Furnished: Unfinished
- Lot Description: Automatic Gate
- Unit 10 Furnished: Unfinished
- Parking Features: Controlled Entrance
- Water: Paid
- Exterior Construction: Hard Coat Stucco
- Buyer Agency Comp Type: %
- Common Walls: Yes
- Parking Type: Gated Underground
Services availability
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Estimated market value
$3,017,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,017,000