3007 W Victory Boulevard, Burbank, California 91505, Burbank, 91505 - 0 bed, 0 bath
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Burbank, California 91505
This Development-Ready Residential Income Asset is listed at $1,100,000, reflecting a strategic valuation near its $1,030,205 Fair Market Value. The property’s primary appeal lies in its Significant Development Potential, offering a rare chance to assemble a 16,499 sq. ft. footprint in the Media Capital of the World. With a Condition Rating of 6, the existing 1943 structures provide a baseline for a major value-add project. Featuring Month-to-Month Leases for maximum transition flexibility, this is an ideal acquisition for Developers and Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3007 W Victory Boulevard Subject | $1,100,000* List Price | 0 | 0 | 1,660 | $621 | - |
A 3009 W Victory Boulevard Active | $1,100,000 List Price | 0 | 0 | 1,600 | $688 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1943 and marketed primarily as a 'rare development opportunity,' the property's value is centered on its 16,499 sq. ft. lot rather than the existing structures. The listing notes aging infrastructure and original systems that require significant capital expenditure, and the lack of interior photos combined with the emphasis on land potential suggests the buildings are at the end of their functional lifespan.
Situated in the 'Media Capital of the World,' the property is minutes away from major film studios, hospitals, and parks, ensuring high rental demand and long-term desirability.
The property offers a rare development opportunity, particularly when considered with the adjacent lots, providing a substantial footprint for high-density residential projects in Burbank.
With all units currently on month-to-month leases, the new owner has the immediate flexibility to reposition the asset, adjust rents to market rates, or prepare for redevelopment.
Built in 1943 and on the market for the first time in decades, the property likely requires significant capital expenditure for repairs and modernization of its original systems.
The property's position on Victory Boulevard exposes residents to significant street noise and traffic congestion, which may limit its appeal to premium-market tenants.
Excellent Location in the City of Burbank- the media capitol of the world! Close to major studios, hospital, schools, parks and much more. First time on the market in forever! Rare development opportunity to purchase 3 sets of duplexes side-by-side. Each duplex has 2 bedrooms and 1 bathroom for a total of 6 units. 3007, 3009, 3013 W. Victory Bl. Burbank. All units are occupied on month to month leases. Potential development opportunity-lot size 16,499 ft.² buyer to investigate.
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 | 1,660 | 2,342 | 14% |
| Lot Size | 5,501 | 6,753 | 14% |
| Price | $1.10M | $1.37M | 14% |
| Price per sq ft | $663 | $596 | 57% |
| Built year | 1943 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 140 | 14% |
Mar 20, 2026
$1,100,000
Initial Listing