2344 N Fairview St - Apartments FOR SALE


Burbank, CA 91504- Vega
$1,100,000 USD
818-858-1820
2344 N Fairview St, Burbank, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/6
null | 2.36% Cap Rate

2344 N Fairview St
Burbank, CA 91504
Vega


HIGHLIGHTS

  • Ideal Development Site (corner lot with access to 2 streets)
  • Prime Burbank Location - No Rent Control
  • 2 on a lot Duplex

OVERVIEW

Nestled in the heart of Burbank, 2344 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 ±1,288 SF property, situated on an expansive ±8,519 SF corner lot, features two well-maintained units comprising a total of 3 bedrooms and 2 bathrooms. Zoned BUR4*, the property offers both immediate rental income—currently generating over $53,000 annually—and long-term redevelopment potential. With recent renovations, updated leases as of April 2025, and a projected cap rate of up to 2.4% based on current financials and new tax basis, this is a turn-key investment poised for growth. Priced at $1,100,000, 2344 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. This asset is ideally suited for developers given its dual street access, as well as for investors seeking long-term value or owner-users who want to live in one unit while generating income from the other. PROPERTY INFO BLDG (SF): ± 1,288 SF LAND (SF): ± 8,519 SF (0.2 Acres) APN: 2464-005-013 YEAR BUILT: 1940 UNIT MIX: 2344 Fairview: 2 Bedrooms, 1 Bath One-car attached garage 2344 1/2 Fairview: 1 Bedroom, 1Bath The property has an additional detached two-car garage LOCATION: Prime location in Burbank, CA

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$854 USD /SF

# OF UNITS

2

PRICE/UNIT

$550,000

CAP RATE

2.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2344 N Fairview St. Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,519 SF

ZONING

BUR4

APN/PARCEL ID

2464-005-013

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.