2129 N Pepper Street, Burbank, California 91505, Burbank, 91505 - bed, bath

2129 N Pepper Street, Burbank, California 91505 home-pic-0
ACTIVE UNDER CONTRACT$1,499,000
2129 N Pepper Street, Burbank, California 91505
0Bed
0Bath
2,297Sqft
6,753Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: The property features three distinct units (Main, JADU, ADU) with separate addresses, offering a combined projected monthly income of up to $8,300, providing significant cash flow for investors or owner-occupants.
Top Cons:
Age of Original Structure: The main house, built in 1941, is significantly older than the newly constructed units, potentially leading to differing maintenance needs or aesthetic inconsistencies across the property.

Compared to the nearby listings

Price:$1.50M vs avg $1.29M (+$209,000)60%
Size:2,297 sqft vs avg 2,297 sqft50%
Price/sqft:$653 vs avg $56260%

More Insights

Built in 1941 (84 years old).
Condition: This property is a triplex with significant recent renovations and new construction. The ADU was newly built in 2024 with contemporary finishes, and the JADU is described as 'brand-new' with modern split A/C and in-unit laundry. The entire property also boasts a new roof and copper plumbing throughout, along with a paid-off solar system for the rear unit. While the original home was built in 1941, the extensive recent updates and new construction of two units bring the overall condition to excellent, meeting current quality standards with virtually new components and no deferred maintenance.
Year Built
1941
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$653
HOA
-
Days on market
-
Sold On
-
MLS number
BB25119695
Home ConditionExcellent
Features
Patio
View-

About this home

PRICE REDUCED TO SELL NOW! Welcome home to 2129 N Pepper Street. This stunning 3 UNIT PROPERTY sits on a generous 6,753 sqft lot and offers an exceptional opportunity for both investors and owner-occupants—a rare gem on a beautiful tree-lined street in the heart of Burbank. MAIN HOUSE, JADU & ADU ALL WITH SEPARATE ADDRESSES. Whether you’re looking to live in one unit and rent the others or expand your portfolio with a high-yield asset, this property delivers flexibility, income potential, and long-term value. The front unit is the original home: a 2-bedroom, 1-bath layout spanning 860 sqft, currently leased at market rent for $2,900/month, providing immediate income. It features a private fenced back patio, front yard, 1-car garage, and 2-car driveway. Attached is a brand-new, separately accessible JUNIOR ADU (JADU) 1-bedroom, 1-bath addition. This thoughtfully designed 440 sqft unit feels independent, with its own entrance, address, fenced private patio, in-unit laundry, and modern split A/C system. It’s vacant and ready to generate an estimated $1,900/month. Towards the rear, you’ll find a fully detached, newly constructed FULL Accessory Dwelling Unit (ADU), built in 2024. This spacious 997 sqft home includes 2 bedrooms, 2 baths, and contemporary finishes throughout. The ADU also offers a fenced private patio. Like the middle unit, it will be delivered vacant, with an estimated rental potential of $3,500/month. Together, these three units total 2,297 permitted sqft and offer a combined projected monthly income of up to $8,300. The property includes a paid-off 8-panel solar system supplying power to the rear unit, adding efficiency and reducing utility expenses. A new roof and copper plumbing throughout offer added value and peace of mind for the next owner. The location is unbeatable—minutes from Magnolia Park’s boutiques and cafés, Porto’s Bakery, Costco, and the Empire Center. It’s less than ten minutes to Warner Bros, Disney Studios, and vibrant Downtown Burbank, just north of Magnolia Boulevard and the Chandler Bike Path, within the sought-after Burbank Unified School District. Whether you’re looking to plant roots or collect steady rental income in one of LA’s most desirable neighborhoods, 2129 N Pepper Street is a rare, move-in-ready opportunity that checks every box.

Condition Rating
Excellent

This property is a triplex with significant recent renovations and new construction. The ADU was newly built in 2024 with contemporary finishes, and the JADU is described as 'brand-new' with modern split A/C and in-unit laundry. The entire property also boasts a new roof and copper plumbing throughout, along with a paid-off solar system for the rear unit. While the original home was built in 1941, the extensive recent updates and new construction of two units bring the overall condition to excellent, meeting current quality standards with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: The property features three distinct units (Main, JADU, ADU) with separate addresses, offering a combined projected monthly income of up to $8,300, providing significant cash flow for investors or owner-occupants.
Strategic Multi-Unit Configuration: Includes a traditional main house, a newly added JADU, and a newly constructed (2024) full ADU, each with private entrances and amenities, maximizing rental flexibility and appeal in a high-demand area.
Extensive Recent Upgrades & Modern Amenities: Benefits from a new roof, copper plumbing throughout, a paid-off 8-panel solar system for the rear unit, and modern split A/C in the JADU, ensuring reduced maintenance and energy costs.
Prime Burbank Location: Situated on a desirable tree-lined street, minutes from major studios (Warner Bros, Disney), popular amenities (Magnolia Park, Porto's, Empire Center), and within the highly-rated Burbank Unified School District.
Versatility for Owner-Occupant or Investor: Offers the unique flexibility for an owner to live in one unit while generating substantial income from the other two, or for a pure investor to acquire a high-yield asset in a strong rental market.

Cons

Age of Original Structure: The main house, built in 1941, is significantly older than the newly constructed units, potentially leading to differing maintenance needs or aesthetic inconsistencies across the property.
Immediate Vacancy Risk: Two of the three units (JADU and ADU) will be delivered vacant, requiring the new owner to actively market and secure tenants immediately to realize the projected income, incurring potential downtime and leasing costs.
Increased Management Demands: Managing three separate units, each with its own address and amenities, inherently increases the complexity and time commitment for property management compared to a single-family residence.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state