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2014 Peyton Avenue, Burbank, California 91504, Burbank, 91504 - bed, bath

2014 Peyton Avenue, Burbank, California 91504 home-pic-0
ACTIVE$1,150,000
2014 Peyton Avenue, Burbank, California 91504
0Bed
0Bath
1,650Sqft
4,406Lot
Year Built
1924
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$697
HOA
-
Days on market
-
Sold On
-
MLS number
SR25085768
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(50th), sqft - 1650(50th), beds - undefined(50th), baths - undefined(50th).

PRIME BURBANK INVESTMENT PROPERTY WITH DUAL INCOME STREAMS: Presenting two distinct residences on a single lot: 2014 and 2016 Peyton Avenue. Each dwelling boasts independent gas, electricity, and water meters, with tenants responsible for all utilities and waste disposal. Both properties feature central air conditioning and heating for year-round comfort. The front residence, 2014 Peyton Avenue, is a charming single-story home offering two bedrooms, one bathroom, and uncovered parking space. The rear residence, 2016 Peyton Avenue, is a well-maintained two-story structure. The upper-level features two bedrooms, one bathroom, and a balcony accessible from the living room. The lower level includes unpermitted kitchenette, bathroom, and flexible bonus space. Additionally, 2016 Peyton Avenue benefits from a convenient two-car garage. Both homes had been remodeled and meticulously maintained, showcasing pride of ownership. Don't miss this exceptional investment opportunity in a nice Burbank location.

Condition Rating
Good
Despite being built in 1924, the property is described as 'remodeled and meticulously maintained,' indicating a move-in ready condition with pride of ownership. Both residences feature central air conditioning and heating, and the exterior images show a well-kept appearance with what appear to be updated windows. While specific renovation dates for kitchens and bathrooms are not provided, the overall description suggests functional and well-maintained systems. The presence of an unpermitted kitchenette and bathroom in the rear unit is a notable weakness, but the general condition points to a property that has undergone significant updates and regular upkeep, aligning with a 'Good' rating.
Pros & Cons

Pros

Dual Income Investment: The property offers two distinct residences on a single lot, providing immediate dual income streams and an excellent investment opportunity in a prime Burbank location.
Independent Utilities: Each dwelling features separate gas, electricity, and water meters, with tenants responsible for all utilities, significantly reducing landlord operating expenses.
Remodeled & Well-Maintained: Both homes have undergone remodeling and meticulous maintenance, reflecting pride of ownership and minimizing immediate capital expenditures for a new owner.
Central HVAC Systems: Both residences are equipped with central air conditioning and heating, ensuring year-round comfort for tenants and enhancing rental appeal.
Desirable Location: Situated in a nice Burbank neighborhood, the property benefits from a strong rental market and potential for appreciation.

Cons

Unpermitted Living Space: The lower level of the rear residence includes an unpermitted kitchenette, bathroom, and bonus space, which could pose legal and compliance risks for the owner.
Property Age: Built in 1924, the property's age, despite remodels, may imply potential for older infrastructure components or higher long-term maintenance requirements.
Limited Parking for Front Unit: The front residence offers only uncovered parking, which may be less desirable for tenants compared to a garage, especially in varying weather conditions.

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