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1344 N Parish Place, Burbank, California 91506, Burbank, 91506 - 4 bed, 3 bath

1344 N Parish Place, Burbank, California 91506 home-pic-0
ACTIVE$949,000
1344 N Parish Place, Burbank, California 91506
4Beds
3Baths
1,635Sqft
6,695Lot

Price Vs. Estimate

The estimated value ($949,000) is $0 (0%) lower than the list price ($949,000). This property may be overpriced.

Key pros and cons

Top Pros:
Duplex Configuration with Separate Utilities: The property features two 2-bedroom, 1-bath units with separate meters and addresses, offering excellent income potential and flexibility for owner-occupancy or full investment.
Top Cons:
Extensive Renovation Required: One unit is fully gutted, and the second unit requires renovation, necessitating a substantial capital investment, time commitment, and the engagement of a contractor to bring the property to modern standards.

Compared to the nearby listings

Price:$949.0K vs avg $1.35M ($-396,750)6%
Size:1,635 sqft vs avg 1,605 sqft55%
Price/sqft:$580 vs avg $8526%

More Insights

Built in 1949 (76 years old).
Condition: This property, built in 1949, is explicitly marketed as a 'fixer' and requires substantial repairs and rehabilitation. One unit has been fully gutted, rendering it unlivable, while the second unit features extremely outdated kitchen (linoleum flooring, missing appliances, old fixtures) and bathroom (yellow tile, old vanity) conditions, requiring a complete renovation. Although the roof, tankless water heaters, and HVAC unit are new (2022/2023), these updates do not compensate for the overall poor condition of the living spaces and the extensive work needed throughout the property.
Year Built
1949
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
25590221
Home ConditionPoor
Features
Patio
View-

About this home

Bring your vision and contractor, opportunities like this are hard to find! A rare corner lot duplex fixer with separate meters and addresses (1344 & 1346), a newer roof (2022), 2 new tankless water heaters (2022/2023), and a new HVAC unit (2023). This property comes with huge potential in the heart of Burbank. Offering two 2-bedroom, 1-bath units plus a detached garage complete with a convenient 3/4 bath. One unit has been fully gutted, giving you a blank slate to design and rebuild to today's standards. The second unit provides a fantastic opportunity to renovate and create rental income while you finish the other side. The detached garage opens the door for an ADU conversion (buyer to verify), adding even more value and versatility. Located in a desirable Burbank neighborhood, this property is perfect for those looking to renovate, add value, and capitalize on strong rental demand. Close to studios, shopping, dining, and top-rated Burbank schools. This property is a GOLDEN opportunity for investors, developers, or owner-users ready to transform potential into profit!

Condition Rating
Poor
This property, built in 1949, is explicitly marketed as a 'fixer' and requires substantial repairs and rehabilitation. One unit has been fully gutted, rendering it unlivable, while the second unit features extremely outdated kitchen (linoleum flooring, missing appliances, old fixtures) and bathroom (yellow tile, old vanity) conditions, requiring a complete renovation. Although the roof, tankless water heaters, and HVAC unit are new (2022/2023), these updates do not compensate for the overall poor condition of the living spaces and the extensive work needed throughout the property.
Pros & Cons

Pros

Duplex Configuration with Separate Utilities: The property features two 2-bedroom, 1-bath units with separate meters and addresses, offering excellent income potential and flexibility for owner-occupancy or full investment.
Significant Recent System Upgrades: Major components such as the roof (2022), two tankless water heaters (2022/2023), and a new HVAC unit (2023) have been recently replaced, reducing immediate capital expenditure on critical systems.
Prime Burbank Location: Located in a highly desirable Burbank neighborhood, the property benefits from proximity to major studios, shopping, dining, and top-rated schools, ensuring strong rental demand and potential for appreciation.
High Potential for Value-Add & ADU Conversion: With one unit gutted and the other needing renovation, there's substantial opportunity to customize and add significant value. The detached garage with a 3/4 bath also presents a clear path for an ADU conversion, maximizing income and property utility.
Rare Corner Lot: The property's rare corner lot position offers increased privacy, potentially more natural light, and enhanced curb appeal, which can be a significant advantage in the market.

Cons

Extensive Renovation Required: One unit is fully gutted, and the second unit requires renovation, necessitating a substantial capital investment, time commitment, and the engagement of a contractor to bring the property to modern standards.
As-Is Sale Condition: The property is explicitly sold 'as-is,' indicating that the seller will not undertake any repairs, placing the full responsibility for all necessary improvements and potential unforeseen issues on the buyer.
Age of Property: Despite recent system upgrades, the core structure dates back to 1949, which may lead to unexpected maintenance issues or require updates to older components like plumbing, electrical, or foundation not covered by the recent improvements.

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