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Sold on 07/09/2018
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623 E Cedar Ave, Burbank, CA 91501

  • $4,500,000

    Last sold 07/09/2018 after 124 Days

  • 7

    bed

  • 6

    bath

House not for sale
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About 623 E Cedar Ave

Property type House
Year built 1984
HOA fee $0/month
Lot size 8,767 Sqft
Property description
This professionally managed building features a unit mix with one (1) 1 bedroom unit, and ten (10) 2 bedroom units. The building has been very well maintained: seven units have newer plank flooring, two have units granite counter tops, and five of the HVAC units have been recently replaced. The property also features a pitched roof, central HVAC, ample gated parking, individual hot water heaters and alley access. This is an opportunity for an investor to capitalize on approximately 23% +/- rental upside w
Listed by
Listing Agent - Anubhav
Listing Office - Anubhav Kawatra
Source: San Diego MLS mls logo
MLS#18320554 • last updated 6 years ago
Movoto checked San Diego MLS for data 6 minutes ago
Overview
Cooling/AC Central Forced Air
Levels/Style 0
Status SOLD
SubType Res Income 2-4 Units
MLS # 18320554
Lot Size (SqFt) 8767
Year Built 1984
Interior
Location
County Los Angeles
APN 5621021015
Zoning BUR4
Directions Above Glenoaks, Between Kenneth And 6th.
Multifamily Details
Unit 2: # Bedrooms 2
Unit 3: # Bedrooms 2
Unit 1: # Total Baths 1
Unit 2: # Total Baths 1
Unit 3: # Total Baths 2
Unit 4: # Total Baths 2
Unit 4: # Bedrooms 2
Unit 1: # Bedrooms 1
Unit 1: Garage Desc Assigned
Unit 2: Actual Rent 8175
Unit 3: Actual Rent 6660
Unit 4: Actual Rent 1725
Total # of Units 11
Gross Rent Multiplier (Actual) 21.17
  • Jul 2018
    mls logo MLS # 18320554
  • Jul 23, 2018 Sold
    $4,500,000
  • Jul 9, 2018 Sold
    $4,500,000 (-2.2%)
  • May 11, 2018 Active
    —
  • Mar 7, 2018 Listed
    $4,600,000 (-6.1%)
  • Mar 7, 2018 Listed
    $4,900,000
  • Jul 2018
    Public Records
  • Jul 9, 2018 Sold
    $4,500,000
  • 623 E Cedar Ave
    $4.5M
  • $519K
  • 91501
    $899K -9% y/y
  • Burbank
    $1.17M -2% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
616 E Providencia Ave, Burbank, CA 91501 $1,372,000 2/1 1,084 0.03
614 E Providencia Ave, Burbank, CA 91501 $1,318,000 4/1 1,280 0.05
603 S 6th St, Burbank, CA 91501 $1,439,000 4/2 1,642 0.08
536 E Cedar Ave, Burbank, CA 91501 $1,224,000 2/1 903 0.09
701 E Elmwood Ave, Burbank, CA 91501 $1,320,000 3/2 1,821 0.09
711 S 6th St, Burbank, CA 91501 $1,072,000 3/1 1,056 0.09
641 E Elmwood Ave, Burbank, CA 91501 $1,356,000 3/2 1,393 0.09
707 E Elmwood Ave, Burbank, CA 91501 $1,333,000 3/2 1,532 0.1

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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6/10
John Muir Middle School
public Grades 6-8
Burbank Unified School District
7/10
Burbank High School
public Grades 9-12
Burbank Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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