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    121 N Myers Burbank, CA 91506

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    For Sale
    $1,199,000

    Duplex - Burbank, CA

    Type:Duplex
    Property size:
    2,060 SF
    Lot size:
    6,075.00 Acres
    Price / SF:
    $582/SF
    Added:
    Mar 11, 2026
    Days on Market:
    53
    Last Refresh:
    May 2 at 8:06 am

    Property Features for 121 N Myers

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    3
    Exterior features
    Community Features Included: Street Lights, Sidewalks, Front Yard, Back Yard
    Standard status
    Active
    APN
    2444006010
    Size
    2,060 SF
    Lot size
    6,075.00 Acres

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Bryan Ochse
    Bryan Ochse

    Listing agent Bryan Ochse License #01451724

    Listing office Media West Realty,Inc. 1300 W. Magnolia Blvd, Burbank, CA

    Listing date Mar 11, 2026

    MLS# BB26053828 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.

    Overview

    Charming Burbank Duplex Opportunity

    Located on a quiet residential street in a sought-after Burbank neighborhood, the property at 121-123 Myers Street is a duplex suitable for an owner-user, investor, or multigenerational setup. The front residence, located at 121 Myers, features 2 bedrooms and 1 bath, with original hardwood floors and abundant natural light. The living room includes a fireplace and opens to a dedicated dining room. The vintage kitchen has colorful tile counters and generous cabinetry, with an easy connection to the separate laundry room. The rear residence at 123 Myers is an upper-level unit above the garages, also featuring 2 bedrooms and 1 bath. This separate unit includes its own family room, dining area, kitchen, and laundry area. The property is versatile, whether for living in one unit and offsetting expenses, accommodating multiple households, or adding to a portfolio. The lot layout, garage structure, and separation between living spaces contribute to the property’s appeal. The property is near Magnolia Park, downtown Burbank, studios, shopping, dining, parks, and major commuter routes. The lot size is approximately 0.14 acres, and the property size is 2,060 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3276957
    Latitude
    34.1641472

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    FAQs

    What type of property is this?
    Duplex - Burbank duplex with income potential in a prime location.
    Where is this duplex located?
    The property is located at 121 N Myers Burbank, CA.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Prime Burbank Location: close to everything!; Versatile Duplex: Ideal for owner‑user, investor, or multigenerational living.; Two Separate Units: Front residence is a 2‑bedroom, 1‑bath home; rear residence is a 2‑bedroom, 1‑bath upper‑level unit.
    (818) 468-2228
    We can help!
    Listing Contact
    Bryan Ochse
    Bryan Ochse
    Real Estate License ID: 01451724
    Learn More
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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.

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    121 N Myers, Burbank, CA 91506

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