2224 N Fairview St - Apartments FOR SALE


Burbank, CA 91504- Vega
$1,150,000 USD
818-858-1820
2224 N Fairview St, Burbank, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/5
null | 4.01% Cap Rate

2224 N Fairview St
Burbank, CA 91504
Vega


HIGHLIGHTS

  • Prime Location in Burbank CA - No Rent Control
  • The Property has 2 Garages - Ideal for ADU
  • BUR4 Zoning

OVERVIEW

Nestled in the heart of Burbank, 2224 N Fairview Street presents a rare opportunity to own a charming, income-producing duplex in one of Los Angeles County’s most stable rental submarkets. This ±1,861 SF property, situated on an expansive ±6,678 SF lot, features two well-maintained units comprising a total of 4 bedrooms and 3 bathrooms. Zoned BUR4*, the property offers both immediate rental income—currently generating over $66,144 annually—and long-term redevelopment potential. With recent renovations, updated leases as of April 2025, and a projected cap rate of up to 4.0% based on current financials and new tax basis, this is a turn-key investment poised for growth. Priced at $1,150,000, 2224 N Fairview combines vintage character with strategic positioning—just minutes from key entertainment employers like Warner Bros. and Disney, as well as public transit, shops, and top-rated schools in the Burbank Unified School District. Comparable duplexes in the neighborhood have sold for up to $807/SF, supporting the property’s market value. With limited supply in this high-demand corridor and strong upside potential through light renovation or redevelopment, this asset is ideal for investors seeking long-term value, or owner-users looking to live in one unit while generating income from the other. PROPERTY INFO BLDG (SF):± 1,861 SF LAND (SF):± 6,678 SF (0.15 Acres) APN:2464-006-023 YEAR BUILT: 1947 UNIT MIX: 2224 Fairview [1]: 2 Bedrooms, 1 Bath 2224 Fairview [2]: 2 Bedroom, 2 Bath The property has 2 two-car garages. Ideal for ADU. LOCATION: Prime location in Burbank, CA

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

2

PRICE/UNIT

$575,000

CAP RATE

4.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2224 N Fairview St Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

BUR4*

APN/PARCEL ID

2464-006-023

ASK ABOUT THIS PROPERTY

Christopher BaerAvison YoungMore Info
818-858-1820

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Christopher BaerAvison YoungMore Info
818-858-1820

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.