1504 N California, Burbank, California 91505, Burbank, 91505 - bed, bath

1504 N California, Burbank, California 91505 home-pic-0
ACTIVE UNDER CONTRACT$2,345,000
1504 N California, Burbank, California 91505
0Bed
0Bath
3,420Sqft
7,077Lot
Year Built
2024
Close
-
List price
$2.35M
Original List price
$2.35M
Price/Sqft
$686
HOA
-
Days on market
-
Sold On
-
MLS number
BB25263116
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.35M(80th), sqft - 3420(80th), beds - undefined(50th), baths - undefined(50th).

This a brand new construction with 3 new ADU's and a completely remodeled front house. Designed with a blend of innovative architecture, sustainability and efficient use of space, this is an ideal income property in which the new owner is able to set the rents as all units are vacant. The redesigned front house with its charming front porch, features 3 bedrooms and 1 3/4 baths, an open living space with high ceilings and a custom kitchen with stainless steel appliances and an eating area on the quartz topped island. There is also a laundry closet with a stackable washer and dryer. The one bedroom unit features 10 ft. ceilings and is attached to the back of the front house but has a separate entrance. It features a full bath, a laundry closet and custom kitchen cabinetry with quartz stone counters. The back two story structure consists of two new identical 2 bedroom, 1 bath units. The ten foot ceilings are featured throughout with an abundance of kitchen cabinetry and quartz counters. The downstairs units has a private patio off of the kitchen. The upstairs unit offers lots of natural light and view from several of the windows. There is also outdoor living on a generous sized balcony. These two units are newly built and therefore have completely paid for solar panels. All units feature tankless water heaters. There is also an attached single car garage. This new development provides an ideal combination of classic charm, advanced design and great income potential for all 4 units or an owner user for the front house. This makes it a perfect addition to a real estate portfolio. Projected income on these iunits could potentially be just over $14,000 a month

Price History

Date
Event
Price
11/20/25
Listing
$2,345,000
04/24/24
Sold
$925,000
Condition Rating
Excellent

This property is a brand new construction (built 2024) with three new ADUs and a completely remodeled front house. The kitchens feature custom cabinetry, quartz countertops, and new stainless steel appliances, including a professional-style range. Bathrooms are modern with stylish vanities, gold-tone fixtures, and walk-in showers. All flooring is new wood-look material, and lighting is contemporary with recessed fixtures. The entire property presents as virtually new with high-end finishes and no signs of wear or deferred maintenance, perfectly aligning with 'excellent' condition criteria.
Pros & Cons

Pros

High Income Potential: The property is explicitly designed as an ideal income property, with all four units currently vacant, allowing the new owner to set market rents and achieve a projected income of over $14,000 per month.
Brand New Construction & Remodel: Built in 2024, this property features three new ADUs and a completely remodeled front house, ensuring modern building standards, minimal immediate maintenance, and contemporary appeal.
Modern Design & Premium Finishes: All units boast innovative architecture, high ceilings (10 ft), custom kitchens with quartz countertops, stainless steel appliances, and tankless water heaters, providing a luxurious and efficient living experience.
Energy Efficiency: The two back units are equipped with fully paid-for solar panels, and all units feature tankless water heaters, contributing to lower utility costs and a reduced environmental footprint.
Versatile Investment Opportunity: As a quadruplex, the property offers flexibility for various investment strategies, including a pure income-generating asset, an owner-user scenario (living in one unit and renting others), or multi-generational living.

Cons

Limited Parking: The property description only mentions an 'attached single car garage' for a four-unit complex, which is likely insufficient for all tenants and could lead to parking challenges.
Absence of Central Air Conditioning: While modern amenities like tankless water heaters are highlighted, there is no mention of a cooling system (e.g., central AC), which is a standard expectation for new construction in Southern California's climate.
Potential for High Property Tax Reassessment: Given the property's brand new construction (2024) and the significant increase in value from its last sale ($925,000 to $2.345 million), a substantial property tax reassessment is highly probable, which could impact the net operating income.

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