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Stacy Charlton

Stacy Charlton
CalBRE License #: 01278325
RE/MAX Empower
Burbank, CA 91502

818-434-6683
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Listing 12 out of 149
$1,725,000 For Sale

214 E Cedar Avenue
Burbank, CA 91502

4 units | Multi Family Home
7026 sq ft - MLS# SR19054835
Property Photo
1/5

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’s prime location, coupled with immediate upside potential, make it a fantastic investment opportunity.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 91502
  • Year Built: 1928
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Lot Size: 7026 sq ft
  • Zoning: BUR4*
  • Area: 610 - Burbank
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3728.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Urban
  • Country: US
  • Directions: San Fernando Boulevard and Cedar Avenue
  • Electric Expense: 400.00
  • Garage Spaces: 4.00
  • Gardener Expense: 600.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Heating: Forced Air
  • Heating YN: Yes
  • Insurance Expense: 1678.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01780045
  • Listing Office License: 01780045
  • Lot Features: Back Yard
  • Lot Size Area: 7028.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Maintenance Expense: 2000.00
  • Net Operating Income: 40088.00
  • New Taxes Expense: 21563.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Operating Expense: 30472.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Total Expenses: 30472.00
  • Water Sewer Expense: 1400.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Reza Ghobadi, Reza Ghobadi



Stacy Charlton | 818-434-6683 | Email Me
707 S Victory Blvd - Burbank, CA 91502
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