
Burbank, California 91506
Analysis of 1239 N Reese, Burbank, California 91506 is currently available with a list price of $2,495,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This is a turnkey multi-unit property featuring a brand-new rear home and ADU completed in 2026, alongside an extensively remodeled front residence. The interiors showcase mint condition with modern designer kitchens, waterfall quartz countertops, high-end cabinetry, updated bathrooms, and new systems including solar panels, requiring zero maintenance.
The property generates a substantial gross rental income of approximately $11,450 per month from three fully occupied units, providing an immediate and high-yield return for investors.
With two units newly constructed in 2026 and a fully renovated front home, the property features modern finishes, solar panels, and energy-efficient systems, ensuring low maintenance costs.
Located in a highly desirable Burbank neighborhood near Warner Bros. and Disney Studios, the property benefits from consistent tenant demand and proximity to top-rated schools and major employment hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3674, other record living area = 1154.
Housing three separate dwellings on a 7,001-square-foot lot results in limited private outdoor yard space for each unit and a higher density feel for residents.
The $2.495 million list price represents a significant capital requirement, which may limit the pool of qualified buyers despite the strong supplemental income potential.
Exceptional investment opportunity in one of Burbank’s most desirable neighborhoods. This fully occupied three unit property features a beautifully renovated 3 bedroom, 2 bath front home, a brand new two story 4 bedroom, 3 bath rear home completed in 2026, and a newly constructed 2 bedroom, 1 bath ADU built in 2026. The front residence has been extensively remodeled with an updated kitchen, remodeled bathrooms, new flooring, designer lighting, and a spacious primary suite. The rear home showcases quality craftsmanship, an open-concept floor plan, high ceilings, abundant natural light, designer finishes, solar panels, and private outdoor space. The detached ADU offers modern finishes and excellent privacy. Currently generating approximately $11,450 per month ($137,400 annually) in gross rental income, this turnkey property presents an outstanding opportunity for investors or owner users seeking significant supplemental income. Ideally located on a quiet tree lined street near Warner Bros. Studios, Disney Studios, the Empire Center, shopping, dining, parks, and highly rated Burbank schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,674 | 3,026 |
| Lot Size | 7,001 | 4,201 |
| Price | $2.50M | $1.46M |
| Price per sq ft | $679 | $505 |
| Built year | 2026 | 1945 |
| HOA | $0 | $0 |
| Days on market | 37 | 107 |
Aug 3, 2026
$2,495,000
Initial Listing
Jun 6, 2024
$1,100,000
Public Record
Oct 30, 2015
$570,000
Public Record