1988 N Ontario Street, Burbank, California 91505, Burbank, 91505 - 0 bed, 0 bath
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1988 N Ontario Street
Burbank, California 91505
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,325Sq Ft
6,129Lot Size
Property Price
LIST PRICE$1,199,000
EST. MARKET VALUE
$1,269,037
5% BelowMARKET VALUE
SUMMARY
This triplex presents a Strong Value Opportunity with a List Price of $1,199,000—positioned well below the $1,269,038 Fair Market Value by 5%. This valuation gap offers $70,038 in Instant Equity. Featuring a Condition Rating of 4, the property includes a new roof and recent upgrades to the front unit. While the remaining units offer renovation potential to maximize rental income, the Strategic Burbank Location near Providencia Elementary ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$1,269,037+$70,037 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Burbank.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1988 N Ontario Street Subject | $1,199,000* List Price | 0 | 0 | 2,325 | $546 | - |
A 1820 N Hollywood Active | $1,275,000 List Price | 0 | 0 | 2,482 | $514 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1951, the property is well-maintained with a new roof and recent updates to the front unit (AC, windows, drywall). However, the overall triplex remains dated, and the presence of window AC units in other areas suggests that kitchens, baths, and systems across all units likely require further modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration
The property features three uniform 2-bedroom, 1-bathroom units, providing a highly marketable and consistent layout for long-term rental income stability.
- Recent Capital Improvements
Significant upgrades including a new roof for the entire building and new windows, AC, and drywall in the front unit reduce immediate deferred maintenance costs for the buyer.
- Strategic Burbank Location
Situated near Victory Park and Providencia Elementary School, the property is located in a high-demand neighborhood known for strong tenant retention and community amenities.
CONSRISKS & DEFICIENCIES
- Inconsistent Unit Condition
While the front unit has been modernized, the other two units may require additional capital expenditure to reach the same standard and achieve maximum market rents.
- Limited Parking Ratio
With only three garage spaces available for three 2-bedroom units, parking may be insufficient for modern households that typically require multiple spaces per unit.
About 1988 N Ontario Street
Burbank investment opportunity. Well cared for triplex located near Victory Park and Providencia Elementary School. 3 units, each with 2 bedrooms, 1 bathroom. There is a community courtyard patio area, laundry room and 3 garage spaces. Building has a new roof and front unit has new windows, AC and drywall.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1951
- Lot Size
- 6,129 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,325 | 1,991.667 |
| Lot Size | 6,129 | 6,647.667 |
| Price | $1.20M | $1.27M |
| Price per sq ft | $516 | $591 |
| Built year | 1951 | 1951 |
| HOA | $0 | $0 |
| Days on market | 31 | 62 |
Pricing History
Listed for Sale
Aug 9, 2026
$1,199,000
Initial Listing
Sold
Mar 24, 2017
$905,500
Public Record
Sold
Sep 14, 2006
$816,000
Public Record