Rear-Unit Accessory
For Sale
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613 Reese Place, Burbank, CA 91506
Burbank, CA
Property Size400 SF
Lot Size0.15 Acres
Price / SF$5.25
Days on Market17
Property Features for 613 Reese Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Kitchen, Laundry Room
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Appliances
Refrigerator, Gas Water Heater, Free-Standing Range
Lot features
0-1 Unit/ Acre
Elementary school district
Burbank Unified
Middle school district
Burbank Unified
High school district
Burbank Unified
Directions
North of Magnolia and East of N Buena Vista St
Subdivision
610 - Burbank
Standard status
Active
APN
2248018009
Size
400 SF
Lot size
0.15 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
ceiling fan
gas stove
refrigerator
washer/dryer
Building Details
Year built
1942
Floors in Building
1
Number of units
1
Flooring type
Laminate
Roof type
Asbestos Shingle
Listing Agency:
Barry Burnett Realty, Inc.
(818) 842-2611
Listed By:
Keith Anderson · License #01050082
(818) 437-0214
Added: Oct 1
Changed: Oct 13
Last Checked: Oct 17 at 12:06AM
MLS# BB26214512
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.
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Investment Insights
Based on property information with market context.
This 400-square-foot rear residence offers one bedroom, one full bathroom, a kitchen, and a laundry room. Two entrances serve the unit, which has laminate flooring, a ceiling fan, copper plumbing, and a patio. Recent updates include interior paint, flooring, and a gas range; a refrigerator and washer/dryer are also provided. Window-unit cooling is listed. The property dates to 1942.
The home is at 613 Reese Place in Burbank, near shops, restaurants, Warner Bros., Disney, Chandler Bike Path, parks, and the 5 and 134 freeways. The listing notes street parking and states that water is included in the monthly lease payment.
The home is at 613 Reese Place in Burbank, near shops, restaurants, Warner Bros., Disney, Chandler Bike Path, parks, and the 5 and 134 freeways. The listing notes street parking and states that water is included in the monthly lease payment.
Key Highlights
- 400‑square‑foot rear unit with one bedroom and one full bathroom
- Two entrances, kitchen, laundry room, and patio
- Copper plumbing and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$495,022
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,900,440
$9.9M
Cap Rate 7%
$7,071,743
$7.1M
Cap Rate 9%
$5,500,244
$5.5M
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$906.4K $2,265.96/SF
− Vacancy
−$6.3K −$15.86/SF
EGI
$900.0K $2,250.10/SF
− OpEx
−$405.0K −$1,012.54/SF
NOI
$495.0K $1,237.55/SF
Area
Burbank, CA
Vacancy
0.70%
Lease Rate
$2,265.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,900,440
Cap Rate 7%
$7,071,743
Cap Rate 9%
$5,500,244
Alternative Uses
Best Use
Apartment 5plus
$7.07M
$6.19M – $8.25M
NOI $495,022 @ 7.0% cap · market cap 23,572.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.10M
$7.09M – $9.45M
NOI $567,263 @ 7.0% cap · market cap 27,012.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The compact residence includes two entrances, a tiled kitchen, and in-unit laundry appliances.
Where is this residential income property located?
The property is located at 613 Reese Place Burbank, CA.
What are key features of this property?
This property features: 400‑square‑foot rear unit with one bedroom and one full bathroom; Two entrances, kitchen, laundry room, and patio; Copper plumbing and laminate flooring
