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$2,495,000
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Property Description
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.
Full Property Details
Full Property Details for 1239 N Reese
General
- Price: $2,495,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR26168809
- Updated: 8/7/2026
- Days on Market: 56 days
- Added to Site: 56 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: 610 - Burbank
- County: Los Angeles
- Development Name: 610 - Burbank
- Driving Directions: 1239 N Reese Place Burbank CA 91506
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 3
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,674
- Year Built: 2026
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 4
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1607
- Lot Size (Sq. Ft.): 7,001
- Lot Size Source: Assessor
- Lot Description: Rectangular Lot, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $679.1
- Price Per Unit: 831667
Listed by Bellamar Realty, Krikor Demirjian
Get Pre-Approved Today
Schools
Schools serving 1239 N Reese
School District:Burbank Unified School District
| Name | Grades | Distance |
|---|---|---|
Thomas Edison Elementary School, Burbank, CA 2110 West Chestnut Street, Burbank, CA 91506 | K-5 | 0.6 mi |
Luther Burbank Middle School, Burbank, CA 3700 Jeffries Avenue, Burbank, CA 91505 | 6-8 | 1.3 mi |
Burbank High School 902 North 3rd Street, Burbank, CA 91502 | 9-12 | 0.9 mi |
Burroughs High School, Burbank, CA 1920 West Clark Avenue, Burbank, CA 91506 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1239 N Reese
Date
Details
Price
Change
Source
8/03/2026
Listed
$2,495,000
126.82%
MLS
4/17/2024
Sold
$1,100,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1239 N Reese
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,678
—
$1,144,440
2%
2025
$12,678
71%
$1,122,000
70%
2024
$7,406
1%
$661,412
2%
2023
$7,326
5%
$648,444
2%
2022
$6,993
—
$635,730
2%
2021
$6,965
1%
$623,266
1%
2020
$6,888
3%
$616,876
2%
2019
$6,682
2%
$604,781
2%
2018
$6,580
2%
$592,923
2%
2017
$6,441
3%
$581,298
2%
2016
$6,248
759%
$569,900
791%
2015
$727
-1%
$63,928
2%
2014
$735
1%
$62,677
—
2013
$729
—
$62,395
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1239 N Reese
1239 N Reese, Burbank, CA 91506 (MLS# SR26168809) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1239 N Reese is currently listed for $2,495,000 and was received on August 03, 2026. Want to learn more about 1239 N Reese? Do you have questions about finding other Multi-Family real estate for sale in Burbank? You can browse all Burbank real estate or contact a Coldwell Banker agent to request more information.

