531 N Niagara, Burbank, California 91505, Burbank, 91505 - 0 bed, 0 bath
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Burbank, California 91505
This Duplex Residential Income property is a Strong Value Opportunity, listed at $1,525,000—positioned well below the $1,592,091 Fair Market Value by 4%. This valuation gap offers $67,091 in Instant Equity. With a Condition Rating of 3, the property features a modern, high-end renovated unit alongside a vintage unit, offering significant upside for value-add improvements. Its 3,100 sqft layout provides rare multi-generational flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile Burbank asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 N Niagara Subject | $1,525,000* List Price | 0 | 0 | 3,100 | $514 | - |
A 821 N Maple Street N A Sold | $1,300,000 | 4 | 4 | 2,342 | $555 | 0.7 mi |
B 508 N Rosemary Lane Active | $1,499,000 List Price | 0 | 0 | 2,392 | $627 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1944 duplex shows a mix of conditions but is well-maintained and move-in ready. One unit features a recent high-end renovation (<5 years) with modern white shaker cabinets, stone counters, and a contemporary walk-in shower. However, the second unit contains a dated kitchen with 30+ year old oak cabinetry and tile. The attic inspection reveals updated HVAC systems and modern flexible ductwork, supporting a 'Good' overall rating.
The unique configuration of an updated 2-bedroom front unit and a massive 5-bedroom back unit offers rare flexibility for owner-users seeking multi-generational living or investors targeting high-capacity rental income.
With 3,100 square feet of living space, this duplex provides significantly more interior volume than typical residential income properties in the area, particularly with the inclusion of a family room and fireplace in the rear unit.
Situated in a quiet, highly desirable Burbank neighborhood, the property benefits from the city's strong rental market, renowned municipal services, and proximity to major media studios.
The 3,100 square foot building footprint on a 6,112 square foot lot leaves limited outdoor yard space, which may be a drawback for tenants or owners with pets or a desire for significant private green space.
Originally built in 1944, the property may require substantial capital expenditure for aging systems such as plumbing, electrical, or roofing that may not have been fully modernized alongside the cosmetic updates.
Don’t miss the fantastic opportunity in Burbank. Great duplex that could be used for a place for your parents or an adult child to live with you without living WITH you. Or great opportunity for an investor looking for a rental property. The front unit is a 2 bed 1 bath unit that is updated and the back unit is a spacious 5 bed 3 bath unit with a family room and a fireplace in the living room. Both units have laundry as well. All of this in a great quiet location in Burbank.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,100 | 2,060 |
| Lot Size | 6,112 | 7,096 |
| Price | $1.52M | $1.35M |
| Price per sq ft | $492 | $599 |
| Built year | 1944 | 1956 |
| HOA | $0 | $0 |
| Days on market | 8 | 79 |
Jul 14, 2026
$1,525,000
Initial Listing