3013 W Victory, Burbank, California 91505, Burbank, 91505 - 0 bed, 0 bath
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Burbank, California 91505
This Residential Income Duplex represents a Strong Value Opportunity with a List Price of $1,100,000—positioned well below the $1,155,200 Fair Market Value by 4%. This valuation gap offers $55,200 in Instant Equity for an asset located in the high-demand Burbank Media District. While currently holding a Fair Condition Rating due to its 1943 infrastructure, the property’s 5,500 sqft lot and proximity to major studios provide significant Value-Add potential through modernization or redevelopment. With month-to-month leases ensuring immediate cash flow, this is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3013 W Victory Subject | $1,100,000* List Price | 0 | 0 | 1,600 | $722 | - |
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 moderate renovation needed.
Built in 1943 and marketed primarily as a development opportunity, the property appears well-maintained externally with neat landscaping, but features aging infrastructure including original-style windows and window AC units. While currently occupied and functional, the listing suggests it has not been significantly updated in decades, placing it in the fair category due to its age and the need for modernization to meet current standards.
Situated in the 'Media Capital of the World,' the property offers exceptional proximity to major studios, hospitals, and parks, ensuring high rental demand and long-term appreciation.
The rare opportunity to acquire three side-by-side duplexes totaling approximately 16,499 square feet of land provides a massive footprint for high-density residential development.
All units are currently occupied on month-to-month leases, providing steady income from day one while allowing the buyer the flexibility to renovate or redevelop quickly.
With the original structure dating back to 1943, the property likely requires significant capital expenditure for modernization and maintenance if not immediately redeveloped.
To realize the full development potential mentioned, a buyer must coordinate the purchase of multiple adjacent parcels, which may involve higher total capital and due diligence requirements.
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 | 1,600 | 2,342 | 14% |
| Lot Size | 5,500 | 6,753 | 14% |
| Price | $1.10M | $1.37M | 14% |
| Price per sq ft | $688 | $596 | 71% |
| Built year | 1943 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 140 | 14% |
Mar 20, 2026
$1,100,000
Initial Listing