1239 N Reese
Burbank, CA 91506
Listing broker / agent: Bellamar Realty · Krikor Demirjian · 818-300-8690 · CRMLS
MLS # SR26168809 · Last checked Oct 22, 2026 03:10 UTC
About this property
Exceptional investment opportunity in one of Burbank’s most desirable neighborhoods. This fully occupied three unit property features a beautifully renovated 3 bedroom, 2 bath front home, a brand new two story 4 bedroom, 3 bath rear home completed in 2026, and a newly constructed 2 bedroom, 1 bath ADU built in 2026. The front residence has been extensively remodeled with an updated kitchen, remodeled bathrooms, new flooring, designer lighting, and a spacious primary suite. The rear home showcases quality craftsmanship, an open-concept floor plan, high ceilings, abundant natural light, designer finishes, solar panels, and private outdoor space. The detached ADU offers modern finishes and excellent privacy. Currently generating approximately $11,450 per month ($137,400 annually) in gross rental income, this turnkey property presents an outstanding opportunity for investors or owner users seeking significant supplemental income. Ideally located on a quiet tree lined street near Warner Bros. Studios, Disney Studios, the Empire Center, shopping, dining, parks, and highly rated Burbank schools.
Property details
- MLS number
- SR26168809
- Status
- Active
- Type
- Residential Income
- Subtype
- Mixed Use
- Lot size
- 0.1607 acres
- County
- Los Angeles
- Year built
- 2026
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 0
Building
- Year built
- 2026
- Year built source
- Owner
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
Rooms & interior
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Laundry Room
Exterior & parking
- Total parking spaces
- 1
- Garage spaces
- 0
- Parking
- Driveway
- Pool
- None
- Lot features
- Front Yard, Rectangular Lot
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Curbs
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Monterey High Burbank Unified · Burbank | 9–12 | 0.1 mi |
| Magnolia Park Burbank Unified · Burbank | 6–12 | 0.1 mi |
| Thomas Edison Elementary Burbank Unified · Burbank | K–5 | 0.6 mi |
| Providencia Elementary Burbank Unified · Burbank | K–5 | 0.9 mi |
| George Washington Elementary Burbank Unified · Burbank | K–5 | 0.9 mi |
| Burbank High Burbank Unified · Burbank | 9–12 | 0.9 mi |
| Bret Harte Elementary Burbank Unified · Burbank | K–5 | 1.0 mi |
| Walt Disney Elementary Burbank Unified · Burbank | K–5 | 1.0 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,495,000
- MLS-reported original asking price
- $2,495,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:39 | $2,495,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Burbank
Active residential homes for sale in Burbank, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
25 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 03:23 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗