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

2129 N Pepper Street, Burbank, California 91505 home-pic-0
ACTIVE$1,450,000
2129 N Pepper Street, Burbank, California 91505
5Beds
4Baths
2,297Sqft
6,753Lot
Year Built
1941
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$631
HOA
-
Days on market
-
Sold On
-
MLS number
BB25269676
Home ConditionGood
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.45M(60th), sqft - 2297(50th), beds - 5(80th), baths - 4(80th).

Welcome home to 2129 N Pepper Street. MAIN HOUSE + JADU + ADU. 3 units, fully permitted! This stunning property sits on a large 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. Whether you’re looking to live in one unit and rent the other one 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 newer, separately accessible 440 sqft 1-bedroom, 1-bath JADU. This thoughtfully designed, with its own entrance, fenced private patio, in-unit laundry, and modern split A/C system. 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, 1 1/2 baths, and contemporary finishes throughout. The ADU also offers a fenced private patio. Total combined rental income aprox. $8300 per month. All 3 units combined 2,297 permitted sqft. The property includes a paid-off 8-panel solar system on a power purchase agreement, 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
12/03/25
Listing
$1,450,000
10/14/21
Sold
$779,000
Condition Rating
Good

This property is a triplex with varying conditions across its units. The newly constructed ADU (2024) is in excellent condition with modern finishes, including a contemporary kitchen with stainless steel appliances, quartz countertops, and stylish bathrooms. The JADU is described as 'newer' and features a modern split A/C system, suggesting a good to excellent condition. However, the main house, built in 1941, while having a new roof and copper plumbing, shows an older aesthetic in its kitchen (white cabinets, tile countertops, older sink) and general living areas (hardwood floors, older light fixtures). The overall score is 'good' because the significant investment in the new ADU and JADU, along with major system updates (roof, plumbing, solar), elevates the property beyond 'fair', making it move-in ready with no immediate major renovations required, despite the main house's dated interior style.
Pros & Cons

Pros

Exceptional Income Potential: Three fully permitted units (Main House, JADU, ADU) generating a combined estimated rental income of $8,300/month, offering significant cash flow.
Prime Burbank Location: Situated on a desirable tree-lined street, minutes from major studios (Warner Bros, Disney), popular amenities, and within the highly-rated Burbank Unified School District.
Modern & Updated Infrastructure: Features a newly constructed ADU (2024), new roof, and copper plumbing throughout, minimizing immediate capital expenditures.
Energy Efficiency: Includes a paid-off 8-panel solar system (PPA) for the rear unit, contributing to lower utility expenses and environmental benefits.
Flexible Use & Value Proposition: Ideal for both investors seeking high yield and owner-occupants looking to live in one unit while generating substantial rental income from the others.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2297, other record living area = 860. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Age of Original Structure: The main house, built in 1941, may still retain some older components or require specific maintenance considerations despite recent upgrades.
Increased Management Complexity: Operating a triplex property with three separate tenants can demand more active management and oversight compared to a single-family residence.
Potentially Limited Individual Outdoor Space: While each unit has a private patio, the division of the 6,753 sqft lot among three units might result in relatively compact individual outdoor areas.

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