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

2014 Peyton Avenue, Burbank, California 91504 home-pic-0
ACTIVE$1,120,000
2014 Peyton Avenue, Burbank, California 91504
0Bed
0Bath
1,650Sqft
4,406Lot
Year Built
1924
Close
-
List price
$1.12M
Original List price
$1.12M
Price/Sqft
$679
HOA
-
Days on market
-
Sold On
-
MLS number
SR25170504
Home ConditionGood
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.12M(50th), sqft - 1650(50th), beds - undefined(50th), baths - undefined(50th).

Prime Burbank Investment Opportunity with Dual Income Potential Presenting a rare chance to own two separate residences on a single lot in the heart of Burbank: 2014 and 2016 Peyton Avenue. This well-maintained property offers excellent income potential, with each unit featuring separate gas, electric, and water meters. Tenants are responsible for all utilities and waste disposal, making this a low-maintenance investment. Both homes are equipped with central air conditioning and heating, ensuring year-round comfort. - 2014 Peyton Avenue (Front Unit): A charming single-story residence featuring 2 bedrooms, 1 bathroom, and an uncovered parking space. Thoughtfully updated and filled with natural light, this home offers a comfortable layout ideal for long-term tenants or owner occupancy. - 2016 Peyton Avenue (Rear Unit): A spacious two-story home with a flexible floor plan. The upper level offers 2 bedrooms, 1 bathroom, and a balcony off the living room—perfect for enjoying Burbank’s pleasant climate. The lower level includes bonus space, an unpermitted kitchenette and an unpermitted bathroom, adding versatile options for extended living or guest quarters. The unit also features a two-car garage for added convenience. Both residences have been tastefully remodeled and are meticulously maintained, reflecting true pride in ownership. Whether you're looking to invest or occupy one unit while renting the other, this exceptional property delivers strong rental income potential in a desirable location.

Price History

Date
Event
Price
07/29/25
$1,120,000
Condition Rating
Good
Despite being built in 1924, both residences have undergone tasteful and extensive remodels, as evidenced by the modern kitchens and bathrooms. The kitchens feature updated cabinetry (white shaker in the front unit, wood in the rear), granite/quartz countertops, and stainless steel appliances. Bathrooms boast modern vanities, tiled showers/tubs, and contemporary fixtures. Flooring is a mix of hardwood/laminate and tile, all appearing well-maintained. Both units have central air conditioning and heating. While the property's age and the unpermitted additions in the rear unit are notable weaknesses, the visible interior condition of the renovated spaces is move-in ready and shows minimal wear and tear, aligning with a 'Good' rating for overall quality.
Pros & Cons

Pros

Dual Income Potential: The property features two separate residences on a single lot, offering excellent dual income potential as a residential income property or for owner-occupancy with rental income.
Desirable Location: Situated in the heart of Burbank, a highly sought-after area, ensuring strong rental demand and potential for property value appreciation.
Low Maintenance Investment: Each unit has separate gas, electric, and water meters, with tenants responsible for all utilities and waste disposal, significantly reducing owner overhead and management.
Remodeled & Well-Maintained: Both residences have been tastefully remodeled and are meticulously maintained, reflecting pride of ownership and offering a turnkey solution for a new investor or resident.
Modern Comforts: Both homes are equipped with central air conditioning and heating, providing year-round comfort and enhancing tenant appeal and retention.

Cons

Unpermitted Additions: The rear unit includes an unpermitted kitchenette and bathroom on the lower level, which may pose legal risks, require legalization, or potential remediation.
Property Age: Built in 1924, despite remodels, the property's age could imply potential for hidden infrastructure issues (e.g., plumbing, electrical) that may require future investment.
Limited Parking for Front Unit: The front unit only offers an uncovered parking space, which is less desirable than a garage or covered parking, potentially impacting tenant preference or value.

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