167 W Ash Avenue, Burbank, California 91502, Burbank, 91502 - bed, bath

167 W Ash Avenue, Burbank, California 91502 home-pic-0
ACTIVE$1,325,000
167 W Ash Avenue, Burbank, California 91502
0Bed
0Bath
1,658Sqft
6,275Lot
Year Built
1919
Close
-
List price
$1.32M
Original List price
$1.38M
Price/Sqft
$799
HOA
-
Days on market
-
Sold On
-
MLS number
SR25094395
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.32M(75th), sqft - 1658(50th), beds - undefined(50th), baths - undefined(50th).

Fantastic Triplex Opportunity in the Heart of Burbank! Don’t miss this rare opportunity to own a well-located triplex in one of Burbank’s most desirable and central neighborhoods. Perfect for investors or owner-occupants, this versatile property features a front single-family home and two attached units in the rear. With a total of 1,658 square feet of living space situated on a generous 6,275 square foot lot, this property offers flexibility, functionality, and great potential. The front home offers classic curb appeal and privacy, while the two rear units are ideal for rental income or extended family living. Each unit has access to outdoor space, and there's room for multiple vehicles. Whether you're looking to someday live in one unit or rent the others, or lease all three, the possibilities are plentiful. Located just minutes from top Burbank amenities, including shopping, dining, and entertainment, you’re close to everything. Burbank Airport, Ikea, major retailers, and popular restaurants are right nearby. Enjoy easy access to the 5 and 134 freeways, placing the San Fernando Valley, San Gabriel Valley, Downtown Los Angeles, and even Dodger Stadium just a short drive away. This triplex is not only centrally located but also offers the charm and character Burbank is known for. Zoned and positioned for long-term value, this is a smart investment in a high-demand area with strong rental potential. The seller has done extensive repairs and upgrades, new roofs, floors, etc..... Whether you're an experienced investor or just starting out, this property is a fantastic opportunity to own a piece of prime Burbank real estate. Schedule your showing today and explore the full potential this triplex has to offer!

Condition Rating
Fair

The property, built in 1919, has undergone 'extensive repairs and upgrades, new roofs, floors,' as stated in the description. While these updates prevent a 'Poor' or 'Tear-down' rating, the lack of interior images, particularly for the kitchen and bathrooms, makes it impossible to assess their current style, features, and condition. The visible window AC unit on one of the rear units suggests an older cooling system, not a modern central HVAC. Without visual evidence of recent, high-quality renovations to key areas, and considering the property's age, it's likely functional but shows signs of being outdated and would require minor updates to meet current aesthetic and comfort standards.
Pros & Cons

Pros

Income-Generating Triplex: This property is a fantastic triplex opportunity, offering immediate income potential for investors or flexible living arrangements for owner-occupants.
Prime Burbank Location: Situated in a highly desirable and central Burbank neighborhood, providing excellent access to amenities, shopping, dining, entertainment, and major freeways (5 and 134).
Recent Extensive Upgrades: The seller has completed extensive repairs and upgrades, including new roofs and floors, significantly reducing immediate capital expenditure for the new owner.
Versatile Ownership Options: The property's configuration (front single-family home and two rear units) is ideal for various strategies, including living in one unit and renting the others, or leasing all three.
Generous Lot & Outdoor Space: A substantial 6,275 sqft lot provides ample outdoor space for each unit and room for multiple vehicles, a valuable amenity in an urban setting.

Cons

Age of Property: Built in 1919, despite recent upgrades, the property's age may still imply potential for underlying infrastructure issues (e.g., plumbing, electrical) that could require future maintenance or investment.
Potentially Small Unit Sizes: With 1,658 total square feet across three units, individual units are likely compact, which might limit tenant appeal for those seeking larger living spaces or impact rental income potential.
Recent Price Reduction: A $50,000 reduction from the original list price could indicate initial overpricing or a lack of immediate buyer interest at the higher price point, suggesting potential market resistance.

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