1423 N Hollywood, Burbank, California 91505, Burbank, 91505 - 0 bed, 0 bath
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Burbank, California 91505
This Turnkey Residential Income Triplex represents a strategic acquisition in Burbank’s high-demand rental market, listed at $1,100,000. Positioned near its $1,023,657 Fair Market Value, the property offers long-term stability and Immediate Cash Flow from three fully occupied units. Boasting a Condition Rating of 3, the studios feature polished concrete flooring, new kitchen cabinetry, and private patios. Its location near major film studios and top-rated schools ensures low vacancy rates. This low-maintenance asset is an ideal entry point for Buy-and-Hold Investors or first-time investors seeking a secure Burbank foothold.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1423 N Hollywood Subject | $1,100,000* List Price | 0 | 0 | 1,173 | $873 | - |
A 1329 -1331 N Screenland Drive 1329-1331 Active | $1,050,000 List Price | 0 | 0 | 1,577 | $666 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1953 triplex is in move-in ready condition following significant modern updates. The units feature contemporary finishes including newly installed shaker-style kitchen cabinetry, subway tile backsplashes, polished concrete flooring, and updated bathrooms with modern vanities. The property shows well-maintained exteriors, recessed lighting, and updated fixtures, indicating it has been extensively renovated within the last 5 to 15 years despite its original build date.
Situated in the heart of Burbank near major film studios, the Empire Center, and key freeways, this property sits in a high-demand rental market with historically low vacancy rates.
The triplex is fully occupied and features separate meters for gas and electricity, ensuring immediate revenue for investors while keeping landlord operating costs and management simple.
Individual units offer attractive upgrades including polished concrete flooring, new kitchen cabinetry, and private outdoor spaces with BBQ hookups, enhancing tenant retention and rental value.
With a total building size of only 1,173 square feet for three units, the studios are exceptionally compact, which may limit the tenant pool to single occupants.
The property only mentions one dedicated parking space for Unit C, which is a significant drawback for a multi-unit dwelling in a car-dependent area like Burbank.
Welcome to this exceptional triplex investment opportunity in the heart of Burbank — a rare offering of three well-maintained studio units in a highly desirable, high-demand rental market. Ideally located with convenient access to the 134, 5, and 101 freeways, this property sits just minutes from major film studios, Burbank Airport, Amazon, Magnolia Park, the Empire Center, public transportation, and the Chandler Bike Path. Burbank’s strong school system and consistently low vacancy rates make this an ideal long-term hold. All three units are currently occupied, providing immediate cash flow. Units highlights: Unit A features newly installed kitchen cabinetry, a private front patio area, and mature Ficus trees providing exceptional privacy. Unit B, the center unit, offers sleek polished concrete flooring throughout for a modern, low-maintenance finish. Unit C includes exclusive backyard access complete with a BBQ area, natural gas line, and an outdoor sink with hot and cold water — perfect for entertaining. This unit also comes with one dedicated parking space. The property is separately metered for gas and electricity, keeping operating costs low and management simple. With minimal maintenance requirements and strong upside potential in rental income, this asset is ideal for both first-time investors and seasoned portfolio builders.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,173 | 2,342 | 14% |
| Lot Size | 2,689 | 6,753 | 14% |
| Price | $1.10M | $1.37M | 14% |
| Price per sq ft | $938 | $596 | 86% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 140 | 14% |
Feb 25, 2026
$1,100,000
Initial Listing
Feb 4, 2025
$1,050,000
Public Record
Oct 3, 2011
$389,000
Public Record
Jun 11, 2008
$375,000
Public Record
Jun 15, 1999
$145,000
Public Record