1344 N Parish Pl, Burbank, California 91506, Burbank, 91506 - 4 bed, 2 bath
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Burbank, California 91506
This High-Upside Burbank Duplex represents a strategic acquisition listed at $989,999—positioned well below the $1,008,874 Fair Market Value by 1%. This valuation gap offers $18,875 in Instant Equity for buyers. While carrying a Condition Rating of 5, the asset boasts critical Major System Upgrades including a newer roof, copper plumbing, and partial HVAC. The detached garage and Private Patio provide exceptional ADU Conversion Potential within the Burbank Unified School District. This is a premier project for Fix-and-Flip Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1344 N Parish Pl Subject | $989,999* List Price | 4 | 2 | 1,635 | $617 | - |
A 743 N Sparks Sold | $1,015,000 | 4 | 2 | 1,658 | $612 | 0.6 mi |
B 1520 N Keystone Sold | $1,115,000 | 3 | 2 | 1,619 | $689 | 0.1 mi |
C 831 N Myers Street Sold | $1,200,000 | 3 | 2 | 1,603 | $749 | 0.9 mi |
D 532 N Reese Active | $1,199,999 List Price | 3 | 2 | 1,701 | $705 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this property is described as a 'true fixer' and images show one unit is currently gutted to the studs. While major systems like the roof, copper plumbing, and tankless water heaters are newer (approx. 4 years), the overall structure requires a full interior rehab, with outdated or missing kitchens and bathrooms.
The property features significant recent infrastructure improvements including a newer roof, copper plumbing, ABS sewer lines, and dual tankless water heaters, which mitigates the cost of essential 'behind-the-walls' repairs.
The detached garage already includes an existing bathroom and sits on a spacious corner lot, offering a streamlined path for an ADU conversion to increase density and rental yield.
With its current duplex configuration and private yards, the property provides flexible options for high-yield rental income, multi-generational living, or a value-add conversion into a large single-family home.
As a 'true fixer,' the property requires substantial cosmetic and interior renovation, which may limit financing options to cash or specialized renovation loans.
While some ducting and equipment are present, the central cooling system is currently non-functional and requires further investment and professional installation to be operational.
An exceptional 1635 sqft duplex opportunity on a 6,700 sqft corner lot in desirable Burbank. Each unit features 2 bedrooms and 1 bathroom and private yards, offering strong rental potential, multi-generational living or easily convert to a single family home. The property is a true fixer with significant upside for investors or owner-users looking to add value. Major system upgrades have already been completed, including a newer roof (approx. 4 years old), ABS sewer line, copper plumbing, and two newer tankless water heaters (approx. 4 years old). One unit has begun ducting for central AC, with a Goodman Condenser ready for connection. Detached garage includes an existing bathroom and presents excellent potential for ADU conversion (buyer to verify). Located in a highly sought-after neighborhood close to shopping, dining, and entertainment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,635 | 1,660.5 | 48% |
| Lot Size | 6,695 | 6,749.5 | 43% |
| Price | $990.0K | $1.41M | 7% |
| Price per sq ft | $606 | $823 | 6% |
| Built year | 1949 | 1941 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 140 | 2% |
Apr 17, 2026
$989,999
Initial Listing