2002 W Victory Blvd Burbank, CA 91506
Northwest District NeighborhoodEstimated payment $13,778/month
Highlights
- Bike Trail
- Stacked Washer and Dryer
- 1-Story Property
- Thomas Edison Elementary School Rated A
About This Home
**All four units can be delivered fully vacant** Rare opportunity to own a fully renovated, income-producing 4-unit property just minutes from Burbank Airport. Buyer has complete flexibility to owner-occupy, self-manage, or step into a turnkey mid-term rental operation from day one.
The Property: This offering combines a fully remodeled duplex with two brand-new ADUs, completed in 2023, no expense spared. Every unit is fully furnished and currently operates as a mid-term rental, averaging $3,500 per month per unit in rental income.
Major Systems and Upgrades: New 400-amp main electrical panel, upgraded sewer line, new roof, new electrical throughout, new plumbing, new HVAC systems, brand-new kitchens, new vinyl flooring, new tile bathrooms, and new insulation, drywall, and windows.
Existing Duplex: Extensively remodeled top to bottom, with new systems, finishes, and fixtures throughout, delivering the same like-new quality as the ADUs.
Two New ADUs, Built 2023: Ground-up construction, fully furnished, and designed for immediate mid-term rental income with modern finishes and efficient layouts.
Location: Centrally located near Burbank Airport, with easy access to major studios, freeways, and Burbank's business corridor, a prime draw for traveling professionals seeking furnished, flexible-term housing.
Investment Highlights: Four total units, all deliverable vacant. Fully furnished, mid-term rental ready. Approximately $14,000 per month combined gross rental potential. 2023 new construction ADUs. Extensively renovated existing duplex. Prime Burbank location near the airport and studios.
Listing Agent
First Select Properties Inc Brokerage Phone: 818-641-6665 License #01946981
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 5,724 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 1,288 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry in unit
- Stacked Washer and Dryer
Listing and Financial Details
- Tax Lot 153
- Tax Tract Number 7451
- Assessor Parcel Number 2438020024
- $240 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,000
- Fuel Expense $480
- Insurance Expense $7,000
- Trash Expense $1,560
- Water Sewer Expense $1,200
- Operating Expense $13,240
- Gross Income $144,000
- Net Operating Income $117,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $9,864 | $886,108 | $673,867 | $212,241 |
| 2025 | $9,864 | $868,734 | $660,654 | $208,080 |
| 2024 | $9,556 | $851,700 | $647,700 | $204,000 |
| 2023 | $9,454 | $835,000 | $635,000 | $200,000 |
| 2022 | $5,183 | $462,208 | $425,723 | $36,485 |
| 2021 | $5,160 | $453,146 | $417,376 | $35,770 |
| 2019 | $4,953 | $439,708 | $404,998 | $34,710 |
| 2018 | $4,880 | $431,087 | $397,057 | $34,030 |
| 2016 | $4,631 | $414,349 | $381,640 | $32,709 |
| 2015 | $4,537 | $408,126 | $375,908 | $32,218 |
| 2014 | $4,534 | $400,132 | $368,545 | $31,587 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/14/2022 10/14/22 | Sold | $835,000 | -7.1% | $648 / Sq Ft | View Prior Sale |
| 09/01/2022 09/01/22 | Pending | -- | -- | -- | |
| 08/22/2022 08/22/22 | Price Changed | $899,000 | +847.3% | $698 / Sq Ft | |
| 08/05/2022 08/05/22 | For Sale | $94,900 | -- | $74 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $835,000 | Fidelity National Title | |
| Grant Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Corporate Deed | $380,000 | Chicago Title Company | |
| Trustee Deed | $450,000 | None Available | |
| Grant Deed | $550,000 | Security Union Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,302,000 | New Conventional | |
| Closed | $1,275,000 | New Conventional | |
| Previous Owner | $668,000 | New Conventional | |
| Previous Owner | $285,000 | New Conventional | |
| Previous Owner | $440,000 | Negative Amortization | |
| Previous Owner | $220,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB26205137
APN: 2438-020-024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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