
Burbank, California 91504
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,525,000—positioned well below the $1,550,000 Fair Market Value by 1.6%. This valuation gap offers $25,000 in Instant Equity. Featuring a 3-bedroom front house and two 2-bedroom rear units with separate utility metering, the property maintains a Fair Condition Rating. While the infrastructure is vintage, the layout provides significant rental yield potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-generating assets in a prime Burbank location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1953 N Parish Place Subject | $1,525,000* List Price | 7 | 5 | 2,928 | $529 | - |
A 1906 Jackson Street Active | $1,188,000 List Price | 0 | 0 | 1,952 | $609 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1943, the property is functional but dated. Interior photos show older wall heaters rather than modern central HVAC, and the tile and carpet finishes suggest renovations are likely 20+ years old. While move-in ready for tenants, it lacks modern updates to kitchens, baths, and systems.
This triplex features a versatile unit mix including a 3-bedroom front house and two 2-bedroom rear units, making it ideal for owner-occupants or investors seeking strong rental yields.
Each unit is separately metered for gas and electricity, significantly reducing owner utility costs and simplifying property management.
Situated on a quiet cul-de-sac minutes from Downtown Burbank, the property offers a desirable balance of privacy and convenient access to schools, shopping, and major freeways.
Originally built in 1943, the property may require ongoing maintenance or capital improvements to modernize aging systems and ensure long-term structural integrity.
With only three single-car garages for a total of seven bedrooms, tenants with multiple vehicles may find the on-site parking and shared driveway access restrictive.
Great Investment opportunity featuring three separate units ideally located on a cul de sac. At the front is a 3 bedroom, 2 bath charming single story, At the rear of the property features (2) 2 bedroom, 1.5 bathroom, two story units with comfortable layouts featuring tile flooring on the main level and carpet on the stairs and in upstairs bedrooms. Each unit is separately metered for gas/electric and each unit is assigned it's own private single car garage. The garages are accessed by the driveway. The rear of the property features a quaint shared gated courtyard. Ideally located minutes from Downtown Burbank, and close to schools, shopping, and restaurants with easy access to freeway. Excellent opportunity for Investors or owner occupants seeking additional income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.5 |
| Baths | 5.0 | 3.0 |
| Square foot | 2,928 | 1,991.667 |
| Lot Size | 7,268 | 6,647.667 |
| Price | $1.52M | $1.27M |
| Price per sq ft | $521 | $591 |
| Built year | 1943 | 1951 |
| HOA | $0 | $0 |
| Days on market | 62 | 62 |
Aug 13, 2026
$1,525,000
$1,550,000
-2% Price Drop
Initial Listing
Jul 9, 2026
$1,550,000
Initial Listing
Oct 29, 1997
$217,500
Public Record