428 E Cedar Avenue, Burbank, CA 91501
Triplex · 2 recorded sales since 2015
Sold May 2023
Listing Agent: Angela Julfayan (DRE #01086029) · Listing Office: Coldwell Banker Hallmark · Contact: 818-482-4997 · Bought with: Sevan Petrossian · Pinnacle Estate Properties · MLS #GD23056528 · Source: CRMLS
About this triplex
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!
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history
