2002 W Victory
Burbank, CA, 91506 $ 2,295,000
Bedrooms-- Baths1.0 Sq 2,338 Monthly Estimate*
$ 14,491
Listed by Edward Markaryan, First Select Properties Inc, edward.markaryan@gmail.com
for $2,295,000 with 1 full bath. This 2,338 square foot home was built in 1939 on a lot size of 0.1314.
**All four units can be delivered fully vacant** Rare opportunity to own a fully renovated, income-producing 4-unit property just minutes from Burbank Airport. Buyer has complete flexibility to owner-occupy, self-manage, or step into a turnkey mid-term rental operation from day one. The Property: This offering combines a fully remodeled duplex with two brand-new ADUs, completed in 2023, no expense spared. Every unit is fully furnished and currently operates as a mid-term rental, averaging $3,500 per month per unit in rental income. Major Systems and Upgrades: New 400-amp main electrical panel, upgraded sewer line, new roof, new electrical throughout, new plumbing, new HVAC systems, brand-new kitchens, new vinyl flooring, new tile bathrooms, and new insulation, drywall, and windows. Existing Duplex: Extensively remodeled top to bottom, with new systems, finishes, and fixtures throughout, delivering the same like-new quality as the ADUs. Two New ADUs, Built 2023: Ground-up construction, fully furnished, and designed for immediate mid-term rental income with modern finishes and efficient layouts. Location: Centrally located near Burbank Airport, with easy access to major studios, freeways, and Burbank's business corridor, a prime draw for traveling professionals seeking furnished, flexible-term housing. Investment Highlights: Four total units, all deliverable vacant. Fully furnished, mid-term rental ready. Approximately $14,000 per month combined gross rental potential. 2023 new construction ADUs. Extensively renovated existing duplex. Prime Burbank location near the airport and studios. ADUs have fully owned solar. Furnishings are negotiable.
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FeaturesGeneralSewer Public Sewer
Appliances Dryer Washer
Garage Spaces 0
Pool Features None
Year Built 1939
Property Subtype Quadruplex
Gross Income 144000
Community Features Biking
County Los Angeles
Net Operating Income 117500
Operating Expense 26500
Insurance Expense 7000
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions On Victory between Keystone and Lamer
City Burbank
Entry Location Multiple
Senior Community Y/N false
Number Of Units Total 4
MLS Area 610 - Burbank
Lot Size Units Square Feet
Lot Size Square Feet 5724
Listing Terms Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 3000
Fuel Expense 480
Trash Expense 1560
Water Sewer Expense 1200
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 153
Property Sub Type Additional Quadruplex
Expected Active Date 2026-09-26
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InteriorTotal Stories 1
Common Walls 1 Common Wall
Laundry Features Inside Stacked
Entry Level 1
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ExteriorLot Features 2-5 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 5724
Number of Buildings 2
Building Area Total 2338
Lot Size Acres 0.1314
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByEdward MarkaryanListing Agent
First Select Properties IncBroker
edward.markaryan@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,491
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Burbank, CA
Average List Price $2,693,954
Percent of Sale Price 17%
About Burbank, CA 4,839 Population
2% Since 2002
$ 64,570 Median Income
36.57 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/19/2026 | $2,295,000 | | Listed Price |