$935,000
Sold

230 W Cedar Avenue

Burbank, CA 91502
1237 sqft | 2 beds | 1 bath | 0.15 acres | #23319751
Listing OfficeColdwell Banker Realty
Type:Purchase
Structure:House
Zone:Residential

Description

This Burbank fixer is across from the Burbank Channel Bikeway and near the historical Los Angeles River. More than just a place to fix and call home; it's situated near a piece of living history. Over 7,000 years ago, the Tongva people, the indigenous inhabitants of this land, thrived along the banks of the Los Angeles River. They affectionately named it "Nahavit," and its flow carries cultural depth. The Los Angeles River, or Nahavit, served as the primary water source for the Los Angeles Basin, providing not only water but also sustenance to the Tongva people.When Spanish settlers arrived in the area, their influence on the Los Angeles River became evident in the name the Spaniards gave it: "Porcincula," a reference to a celebrated feast day dedicated to the Virgin Mary. This name eventually evolved into "Los Angeles."Today, the City of Burbank has unveiled the Burbank Channel Bikeway, a one-mile Class-I (off-street) bicycle and pedestrian path that runs alongside the Burbank Western Flood Control Channel, a tributary of the Los Angeles River. This path creates a tranquil Riverwalk scene directly across from the rear of this property, adding immense potential value to the area.Cedar isn't just an opportunity; it's a gateway to living history. This property features two bedrooms, one bath, and a nice-sized den EASILY usable as a third (3rd) Bedroom. There is an unfinished bonus room attached to the garage with a huge storage loft or whatever you want to make it. The structure is approximately 440 sqft and permitted. Please verify. The lot has a fabulous orientation, with the back area offering a view of the Burbank Channel Bikeway. The bonus room can potentially be an ADU, offering a degree of privacy.The property and lot offer excellent space to create multiple scenarios, and there is additional lot area to the rear/side of the property that is not buildable, as the City maintains. This area creates a good degree of openness for leisure.Burbank offers 41 parks, a distinguished school system, and is simply a fabulous city to plant roots. Join the ranks of high-profile studios like Warner Bros, Disney, NBCUniversal, Cartoon Network, Nickelodeon Studios, Insomniac Games, and Technicolor that call Burbank home. Their presence attracts individuals with substantial incomes, making this property an attractive prospect for investors, developers, and all. This is an excellent location, a great home to fix and improve. Whether you plan to remodel, build an ADU, fix and flip, or create your dream home, this is the city and location where you should place your money or settle and grow.

    Location

    EPIC Realty GroupEPIC Realty Group