Colliers International’s Ghobadi Multifamily Team is proud to present the well-appointed 4-unit 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.
Built in 1928
Prime location close to Downtown Burbank
Burbank is no-rent control city
Four garages with remote opener
Immediate upside potential
Low maintenance and easy to manage building
Hook-ups for washer and dryer in each unit
Walking distance to IKEA, shops and restaurants
Roof and windows were replaced approximately 10 years ago
Minutes away from 134 and 5 Freeways
