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    2129 N Pepper St Burbank, CA 91505

    View on Map
    Sponsored
    For Sale
    Under Contract
    $1,450,000

    Triplex - Burbank, CA

    Type:Triplex
    Property size:
    2,297 SF
    Lot size:
    6,753.00 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 10 at 5:06 am

    Property Features for 2129 N Pepper St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active Under Contract
    Zoning
    BUR1YY
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    2463006005
    Parking
    3
    Interior features
    Copper Plumbing Partial, High Ceilings, Ceiling Fan(s), Recessed Lighting, Open Floorplan, Copper Plumbing Full, Granite Counters
    Exterior features
    Community Features Included: Suburban, Park, Front Yard, Back Yard
    Appliances
    Microwave
    Size
    2,297 SF
    Lot size
    6,753.00 Acres

    Building Details

    Year built
    1941
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Marije Kruythoff

    Redfin Corporation (949) 294-6186

    Listing agent Marije Kruythoff (877) 973-3346 License #01969880

    Listing date Feb 26, 2026

    MLS# BB26007569 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Burbank Triplex with ADU

    Located on a 6,753 sqft lot, this property in Burbank features a main house, a JADU, and an ADU. The front unit, the original home, offers 860 sqft with 2 bedrooms and 1 bath. It is currently leased at market rent for $2,900 per month and includes a private fenced back patio, front yard, 1-car garage, and 2-car driveway. Attached to the main house is a newer, separately accessible 400 sqft 1-bedroom, 1-bath JADU with its own entrance, fenced private patio, in-unit laundry, and modern split A/C system. The fully detached, newly constructed ADU, built in 2024, provides 997 sqft with 2 bedrooms, 2 baths, and contemporary finishes, along with a fenced private patio. The JADU and ADU will be delivered vacant, with an estimated rental potential of $3,500 per month for the ADU. The property totals 2,297 permitted sqft. It includes a paid-off 8-panel solar system on a power purchase agreement, supplying power to the rear unit. A new roof and copper plumbing are installed throughout. The property is located minutes from Magnolia Park’s boutiques and cafes, Porto’s Bakery, Costco, and the Empire Center, and less than ten minutes to Warner Bros, Disney Studios, and vibrant Downtown Burbank, just north of Magnolia Boulevard and the Chandler Bike Path, within the Burbank Unified School District. The zoning is BUR1YY. This property offers an opportunity for both investors and owner-occupants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3505484
    Latitude
    34.1877

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    FAQs

    What type of property is this?
    Triplex - Triplex in Burbank with main house, JADU, and ADU.
    Where is this triplex located?
    The property is located at 2129 N Pepper St Burbank, CA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Triple Income Potential: Main house, JADU, and newly built ADU provide diverse income streams.; - Prime Burbank Location: Minutes from Magnolia Park, Porto's Bakery, and major studios.; - Income-Producing Main House: Currently leased at $2,900/month.
    (323) 944-1544
    Request Owner's contact information
    2129 N Pepper St Burbank, CA 91505
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    Burbank, CA 91505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2129 N Pepper St Burbank, CA 91505
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    We can help!
    Listing Contact
    Marije Kruythoff
    Real Estate License ID: 01969880
    (323) 944-1544 (877) 973-3346
    Learn more
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