$2,495,000
 $13,394 est/mo Sourced by Back At You

1239 N Reese,Burbank, CA 91506

Burbank, CA 91506

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Description

Exceptional investment opportunity in one of Burbank’s most desirable neighborhoods. This fully occupied three unit property features a beautifully renovated 3 bedroom, 2 bath front home, a brand new two story 4 bedroom, 3 bath rear home completed in 2026, and a newly constructed 2 bedroom, 1 bath ADU built in 2026. The front residence has been extensively remodeled with an updated kitchen, remodeled bathrooms, new flooring, designer lighting, and a spacious primary suite. The rear home showcases quality craftsmanship, an open-concept floor plan, high ceilings, abundant natural light, designer finishes, solar panels, and private outdoor space. The detached ADU offers modern finishes and excellent privacy. Currently generating approximately $11,450 per month ($137,400 annually) in gross rental income, this turnkey property presents an outstanding opportunity for investors or owner users seeking significant supplemental income. Ideally located on a quiet tree lined street near Warner Bros. Studios, Disney Studios, the Empire Center, shopping, dining, parks, and highly rated Burbank schools.

Details

MLS #SR26168809
Listing TypeFor Sale
Sub-TypeNew Construction
StatusActive
Year2026
Days On Site30
Listing Provided ByBellamar Realty | Krikor Demirjian

Features

SQ Feet3,674
Story(s)2
Units3
Building(s)2
Acreage0.16

Interior

CoolingCentral Air
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes
Fireplace Yes / NoNo

Exterior

Lot FeaturesFront Yard, Rectangular Lot

Parking

Parking FeaturesDriveway
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs

Area Information

StateCA
CountyLos Angeles
CityBurbank
Zip Code91506
Area610 Burbank
Listing VS Median (in 91506)
Price:
$2,495,000
low | high
Med:
$1,389,000
94.328657314629% of Average
sqft:
3,674
low | high
Med:
1,738
100% of Average
$ / sqft:
$679
low | high
Med:
$799
32.315009766368% of Average
On site:
30
low | high
Med:
48
62.5% of Average
Sourced by Back At You

Market Activity 91506

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Contact

Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityBurbank
Zip Code91506
Area610 Burbank
Listing VS Median (in 91506)
Price:
$2,495,000
low | high
Med:
$1,389,000
94.328657314629% of Average
sqft:
3,674
low | high
Med:
1,738
100% of Average
$ / sqft:
$679
low | high
Med:
$799
32.315009766368% of Average
On site:
30
low | high
Med:
48
62.5% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.871M - $3.118M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
1138 N Parish Place Property Photo 1
$1,995,000
1138 N Parish Place
Burbank, CA 91506
Listing Updated: August 21, 2026 at 9:48:54 PM PDT
Jeff Rayborn
License #: 02062886
(323) 833-5529
Desert Lifestyle Properties - 200 N Sunrise Way Ste.B.
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Jeff Rayborn - Desert Lifestyle Properties