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428 E Cedar AVE Burbank, CA 91501
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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
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