$1,300,000
+$100,0012414 N Lamer, Burbank CA 91504
Multi-Family
Property type
42 days
On market
$893
Price per sqft
2 cars
Garage
1946
Year built
6,530 sqft
Lot size
Home highlights
Open Houses
Overview
First time on the market in 40 years! An exceptional opportunity in one of Burbank’s most desirable hillside neighborhoods, just above Glenoaks Blvd. Situated on a quiet, pride-of-ownership street, this property offers a rare combination of immediate income potential and long-term upside. The property features a 3 bed, 1 bath main home plus a fully separate, move-in ready 1...
Listing provided by: Sean Poliseno DRE #01485328 310-993-4350, eXp Realty of California Inc.
Listing updated: May 21, 2026 at 05:29pm.
Last checked: Jun 3, 2026 at 04:30pm
Source: CRMLS #SR26088804
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | 2 | — | — | $5,000 | Unfurnished |
# of Buildings: 3
# of Units Total: 1
Separate Electric Meters: 0
Separate Gas Meters: 0
Separate Water Meters: 0
Dishwasher: 1
Disposal: 1
Ranges: 1
Refrigerator: 1
Rent Control: No
Units Leased: 0
Total Actual Rent: $7,500
Tenant Pays: Cable Tv
Financial Snapshot
Gross Rent Multiplier
14.4x
List Price / Annual Gross Rent
Cap Rate
5.91%
NOI / List Price
Gross Scheduled Income: $90,000
Vacancy Allowance: $7,500
Vacancy Allowance Rate: 8%
Operating Expense: $22,620
Net Operating Income: $67,380
Annual Operating Expenses
Electric: $2,400
Gardener: $1,920
Fuel: $0
Insurance: $1,500
New Taxes: $15,000
Trash: $600
Water / Sewer: $1,200
Interior
Interior Features: Unfurnished, All Bedrooms Down, Main Floor Bedroom, Main Level Primary
Room Type: Bonus Room, Bedroom, Kitchen, Laundry, Living Room, Primary Bedroom
Flooring: Wood
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
Fireplace: Gas, Living Room
Laundry: Gas Dryer Hookup, Laundry Room, Washer Included
Accessibility: None
Entry Location: 1
Exterior
Architectural Style: Traditional
Property Attached: No
Stories Total: 1
Levels: One
Roof: Composition
Foundation: Slab
Window Features: Shutters
Common Walls: No Common Walls
Security Features: Smoke Detectors
Lot Features: Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Street Level
Pool: None
Spa: None
Fencing: Brick, Wood
Water Source: Public
Sewer: Public Sewer
Electric: Volts220
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View: None
Road Surface Type: Paved
Other Structures: Guest House
Garage and Parking
Parking: Driveway, Garage, On Street
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 2472006012
Additional Parcels: No
Tax Lot: 4
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights, Suburban
Nearby Schools
Nearby schools around the 2414 N Lamer, Burbank, CA 91504. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,040,000
Total Interest
$1,326,463
Total Payment
$2,366,463
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,078
per month
Property History for 2414 N Lamer
Burbank Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91504.
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