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Three-Unit Residential Property
For Sale
$2,495,000

1239 N Reese, Burbank, CA 91506

Three separate residences combine a renovated front home with newer rear housing and a detached accessory dwelling.

Property Size3,674 SF
Price / SF$679.10
Days on Market88

Property Features for 1239 N Reese

General Information

Standard status Active
Size 3,674 SF
Property subtype MULTI_FAMILY
Occupancy 100%

Site & Location

Neighborhood Northwest District
Road Access Yes

Units

Unit Mix 1 x 3BR/2BA, 1 x 4BR/3BA, 1 x 2BR/1BA
Multifamily Units 3

Additional Details

Gross Income $137,400
Tenant in Place Yes

Amenities

solar panels

Building Details

Building Size 3,674 SF
Year Built 2026
Tenancy Multi
Listing Agency: Compass
Listed By: The Carrabba Group
Source: Carrabbagroup
Added: Aug 3 Changed: Oct 26 Last Checked: Oct 26 at 3:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

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Investment Insights

Based on property information with market context.

This 3,674-square-foot triplex includes three residences. The remodeled front home has 3 bedrooms and 2 bathrooms, with an updated kitchen, renovated bathrooms, new flooring, designer lighting, and a primary suite. A two-story rear home, completed in 2026, provides 4 bedrooms and 3 bathrooms, an open layout, high ceilings, solar panels, and private outdoor space. The detached 2-bedroom, 1-bath ADU was also built in 2026 and has modern finishes. The property is fully occupied.

The property is on N Reese in Burbank, near Warner Bros. Studios, Disney Studios, the Empire Center, shopping, dining, and parks.

Key Highlights

  • Three residences: a 3‑bedroom, 2‑bath front home, a 4‑bedroom, 3‑bath rear home, and a 2‑bedroom, 1‑bath ADU
  • 3,674 square feet across the property
  • Two‑story rear home completed in 2026; detached ADU built in 2026

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,237
Businesses Nearby

Demographics for 91506, CA

19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separate residences combine a renovated front home with newer rear housing and a detached accessory dwelling.
Where is this triplex located?
The property is located at 1239 N Reese Burbank, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Three residences: a 3‑bedroom, 2‑bath front home, a 4‑bedroom, 3‑bath rear home, and a 2‑bedroom, 1‑bath ADU; 3,674 square feet across the property; Two‑story rear home completed in 2026; detached ADU built in 2026
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