Burbank, CA 91501,428 E Cedar AVE
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Burbank, CA 91501,428 E Cedar AVE
Burbank, CA 91501,428 E Cedar AVE
Burbank, CA 91501,428 E Cedar AVE
Burbank, CA 91501,428 E Cedar AVE

$1,300,000

Est. payment /mo

$1,149,000

13.1%
Est.Price: ?

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428 E Cedar AVE Burbank, CA 91501

6,133 Sqft Lot

SOLD DATE : 05/23/2023

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD23056528

Sold Date 05/23/23

HOA Y/N No

Year Built 1922

Lot Size 6,133 Sqft

Property Sub-Type Triplex

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!

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5621024009

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by Angela Julfayan • Coldwell Banker Hallmark • 818-482-4997
Bought with Sevan Petrossian • Pinnacle Estate Properties
agent

Alex Duarte

CEO | i01970077

+1(714) 373-6828

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