1239 N Reese, Burbank, CA 91506
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1239 N Reese, Burbank, CA 91506
1239 N Reese, Burbank, CA 91506
1239 N Reese, Burbank, CA 91506
1239 N Reese, Burbank, CA 91506
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Zartik Garabedian

Zartik Garabedian

+1(818) 624-8777
$ 2,495,000
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1239 N Reese Burbank, CA 91506

7,000 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26168809

HOA Y/N No

Year Built 2026

Lot Size 7,000 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Driveway

Pool None

Community Features Curbs

Total Parking Spaces 1

Private Pool No

Building

Lot Description Front Yard, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 2462010006

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Krikor Demirjian Bellamar Realty 818-300-8690, DRE #01993420

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Zartik Garabedian

Zartik Garabedian

Agent | License ID: 00976559

+1(818) 624-8777

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1239 N Reese