1010 N Florence Street, Burbank, California 91505, Burbank, 91505 - 2 bed, 1 bath
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Burbank, California 91505
This Value-Add Burbank Asset represents a Prime Investment Opportunity, listed at $849,948—positioned well below the $875,952 Fair Market Value by 2%. This entry point provides $26,004 in Instant Equity for buyers prepared to address the Condition Rating of 5. The property features a rare 3-car garage, RV parking, and a 6,750 sq. ft. lot with significant ADU potential. Located in the prestigious Burbank Unified School District with mountain views, this fixer-upper is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1010 N Florence Street Subject | $849,948* List Price | 2 | 1 | 1,443 | $597 | - |
A 1511 N Maple Street Sold | $1,090,000 | 3 | 2 | 1,489 | $732 | 0.8 mi |
B 1809 N Fairview Sold | $1,000,000 | 2 | 2 | 1,683 | $594 | 0.9 mi |
C 1625 N Maple Street Sold | $857,500 | 3 | 1 | 1,177 | $729 | 0.9 mi |
D 1415 N Screenland Sold | $925,000 | 3 | 2 | 1,710 | $541 | 0.7 mi |
E 1831 N Buena Vista Street Sold | $825,000 | 2 | 1 | 1,140 | $724 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with no mentioned renovations, this property is marketed as a 'Fix and save' opportunity. The description's focus on 'potential' and 'modernizing' indicates that the kitchen, bathroom, and major systems are likely original or severely outdated and require a full rehab.
The property features a rare 3-car garage with alley access plus dedicated RV or boat parking, offering significant utility and value seldom found in this price point.
With a generous 6,750 square foot lot and a 1,443 square foot footprint, there is ample room for a primary suite addition or a detached Accessory Dwelling Unit (ADU) to maximize ROI.
Situated in the highly desirable Burbank Unified school district with scenic mountain views, the property is positioned in a high-demand area that supports long-term appreciation.
Marketed as a 'fix and save' opportunity, the home likely requires substantial capital investment to update 1940s-era systems and finishes to modern standards.
The current configuration of only 2 bedrooms and 1 bathroom for over 1,400 square feet of living space is underserved for modern families and may necessitate a layout reconfiguration.
Discover this inviting 2 bedroom, 1 bathroom home nestled on a spacious 6,750 square foot lot, perfect for those looking to create their dream home or investment property. Offering 1,443 square feet of living space, this property combines classic character with plenty of room to expand or modernize. A standout features is the 3-car garage with alley access, providing ample parking and storage. There's also RV or boat parking, making it ideal for outdoor enthusiasts. Enjoy gathering or quiet evenings under the covered patio, overlooking the generous backyard with endless possibilities for gardening, entertaining, or future additions. With great bones and a prime location, this home is ready for your vision. Fix and save! Don't miss out on the rare opportunity to own a property with so much potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,443 | 1,493 | 46% |
| Lot Size | 6,750 | 6,711 | 59% |
| Price | $849.9K | $1.20M | 5% |
| Price per sq ft | $589 | $823 | 5% |
| Built year | 1940 | 1941 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 129 | 12% |
Apr 24, 2026
$849,948
Initial Listing