Burbank, CA 91501,428 E Cedar Avenue
Burbank, CA 91501,428 E Cedar Avenue
Burbank, CA 91501,428 E Cedar Avenue
Burbank, CA 91501,428 E Cedar Avenue
Burbank, CA 91501,428 E Cedar Avenue
Burbank, CA 91501,428 E Cedar Avenue
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$1,300,000

$1,149,000

13.1%
Est.Price: ?

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Est. payment /mo

3 Beds

3 Baths

6,135 Sqft Lot


SOLD DATE : 05/23/2023

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD23056528

Sold Date 05/23/23

Bedrooms 3

HOA Y/N No

Lot Size 6,135 Sqft

Property Description

If you're a real estate investor looking for an exciting opportunity, you won't want to miss this one! TRIPLEX located in a great area above Glenoaks in Burbank. This investment property offers many desirable features.; FRONT UNIT #428 has 1 bd/1 bth, been recently rented for $1990 (one year lease until April of 2024). This unit has been remodeled about 2 years ago with newer floors, recessed lighting, newer kitchen cabinets, granite countertop, appliances, updated bathroom., copper plumbing. UNIT # 428 1/2 and UNIT # 430 have 1 Bd/1 bth each, currently occupied with long term tenants on month to month basis. Rents are lower but has great potential to be increased after May 1st. 2023. Unit # 430 is detached from front duplex and has separate access and driveway from the alley in the back. There is also great opportunity to convert the garage into an ADU. Currently one car garage being used by the owner as a storage. Tenants are using front and back driveways, one space for each tenant. With all of these amazing qualities combined, it's no surprise that this property won't be on the market for long. Don't miss your chance to own real estate investment in Burbank today!
If you're a real estate investor looking for an exciting opportunity, you won't want to miss this one! TRIPLEX located in a great area above Glenoaks in Burbank. This investment property offers many desirable features.; FRONT UNIT #428 has 1 bd/1 bth, been recently rented for $1990 (one year lease until April of 2024). This unit has been remodeled about 2 years ago with newer floors, recessed lighting, newer kitchen cabinets, granite countertop, appliances, updated bathroom., copper plumbing. UNIT # 428 1/2 and UNIT # 430 have 1 Bd/1 bth each, currently occupied with long term tenants on month to month basis. Rents are lower but has great potential to be increased after May 1st. 2023. Unit # 430 is detached from front duplex and has separate access and driveway from the alley in the back. There is also great opportunity to convert the garage into an ADU. Currently one car garage being used by the owner as a storage. Tenants are using front and back driveways, one space for each tenant. With all of these amazing qualities combined, it's no surprise that this property won't be on the market for long. Don't miss your chance to own real estate investment in Burbank today!

Location

State CA

County Los Angeles

Area Burbank (91501)

Zoning Assessor

Interior

Cooling Wall/Window

Building

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $22

Acceptable Financing Cash, Conventional

Space Rent $1,990

Listing Terms Cash, Conventional

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Angela Julfayan • Coldwell Banker Hallmark
Bought with Sevan Petrossian • Pinnacle Estate Properties
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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