2129 N Pepper Street, Burbank, California 91505, Burbank, 91505 - 5 bed, 4 bath

2129 N Pepper Street, Burbank, California 91505 home-pic-0
ACTIVE UNDER CONTRACT$1,499,000
2129 N Pepper Street, Burbank, California 91505
5Beds
4Baths
2,297Sqft
6,753Lot
Year Built
1941
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$653
HOA
-
Days on market
-
Sold On
-
MLS number
BB25087103
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(84th), sqft - 2297(91th), beds - 5(97th), baths - 4(95th).

PRICE REDUCED TO SELL NOW! Welcome home to 2129 N Pepper Street. This stunning 3 UNIT PROPERTY sits on a generous 6,753 sqft lot and offers an exceptional opportunity for both investors and owner-occupants—a rare gem on a beautiful tree-lined street in the heart of Burbank. MAIN HOUSE, JADU & ADU ALL WITH SEPARATE ADDRESSES. Whether you’re looking to live in one unit and rent the others or expand your portfolio with a high-yield asset, this property delivers flexibility, income potential, and long-term value. The front unit is the original home: a 2-bedroom, 1-bath layout spanning 860 sqft, currently leased at market rent for $2,900/month, providing immediate income. It features a private fenced back patio, front yard, 1-car garage, and 2-car driveway. Attached is a brand-new, separately accessible JUNIOR ADU (JADU) 1-bedroom, 1-bath addition. This thoughtfully designed 440 sqft unit feels independent, with its own entrance, address, fenced private patio, in-unit laundry, and modern split A/C system. It’s vacant and ready to generate an estimated $1,900/month. Towards the rear, you’ll find a fully detached, newly constructed FULL Accessory Dwelling Unit (ADU), built in 2024. This spacious 997 sqft home includes 2 bedrooms, 2 baths, and contemporary finishes throughout. The ADU also offers a fenced private patio. Like the middle unit, it will be delivered vacant, with an estimated rental potential of $3,500/month. Together, these three units total 2,297 permitted sqft and offer a combined projected monthly income of up to $8,300. The property includes a paid-off 8-panel solar system supplying power to the rear unit, adding efficiency and reducing utility expenses. A new roof and copper plumbing throughout offer added value and peace of mind for the next owner. The location is unbeatable—minutes from Magnolia Park’s boutiques and cafés, Porto’s Bakery, Costco, and the Empire Center. It’s less than ten minutes to Warner Bros, Disney Studios, and vibrant Downtown Burbank, just north of Magnolia Boulevard and the Chandler Bike Path, within the sought-after Burbank Unified School District. Whether you’re looking to plant roots or collect steady rental income in one of LA’s most desirable neighborhoods, 2129 N Pepper Street is a rare, move-in-ready opportunity that checks every box.

Price History

Date
Event
Price
08/05/25
$1,499,000
05/08/25
$1,600,000
Condition Rating
Excellent

This property, despite its 1941 original build year, has undergone extensive recent renovations and new construction. Over 60% of the total living space consists of a newly constructed ADU (built 2024) and a brand-new JADU, both featuring modern kitchens with stainless steel appliances, quartz countertops, and contemporary bathrooms with stylish finishes and fixtures. The entire property also benefits from a new roof, copper plumbing throughout, and a paid-off solar system for the rear unit. While the original main house's kitchen and bathroom show dated elements, the significant investment in new construction and major system upgrades across the property within the last year aligns with the 'extensively renovated within 5 years' criteria for an excellent rating.
Pros & Cons

Pros

Exceptional Income Potential: The property features three distinct units (Main House, JADU, ADU) with a combined projected monthly income of up to $8,300, offering significant cash flow for investors or owner-occupants.
Extensive Recent Upgrades & New Construction: Includes a brand-new JADU, a newly constructed ADU (2024), a new roof, and copper plumbing throughout, minimizing immediate capital expenditures for the buyer.
Prime Burbank Location: Situated on a desirable tree-lined street, minutes from major studios (Warner Bros, Disney), popular amenities (Magnolia Park, Porto's, Costco), and within the highly-rated Burbank Unified School District.
Energy Efficiency & Modern Amenities: Equipped with a paid-off 8-panel solar system for the rear unit and modern split A/C in the JADU, contributing to lower utility costs and enhanced tenant appeal.
Versatile Ownership Opportunity: Ideal for both owner-occupants looking to live in one unit and rent the others, or for investors seeking a high-yield asset with built-in flexibility.

Cons

Age of Original Structure: The main house was built in 1941, and while major systems like roof and plumbing are updated, other original components (e.g., electrical, windows, foundation) may require future attention or upgrades.
Increased Management Complexity: Managing three separate units, each with its own address and potentially different tenants, can be more demanding and time-consuming than a single-family rental.
Potential Parking Constraints: While the main house has a 1-car garage and 2-car driveway, parking for the JADU and ADU is not explicitly detailed, potentially leading to reliance on street parking or tenant parking disputes.

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