1015 E Spazier Avenue 205, Burbank, California 91502, Burbank, 91502 - 3 bed, 2 bath
Loading property details...
1015 E Spazier Avenue 205
Burbank, California 91502
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,130Sq Ft
8,392Lot Size
Property Price
LIST PRICE$659,000
EST. MARKET VALUE
$659,000
SUMMARY
This 3-bedroom condominium represents a Strong Value Opportunity, listed at $669,000—positioned well below the $689,000 Fair Market Value by 2%. This valuation gap offers $20,000 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the unit offers a functional layout with private patios and subterranean parking. Located in the Burbank Unified School District, this property provides a rare blend of urban walkability and privacy, making it an ideal acquisition for first-time buyers or Owner-Occupants seeking a value-add lifestyle property.
Estimated Market Value
$659,000
Based on Realkey algorithm analyzing recent comparable sales in Burbank.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1015 E Spazier Avenue 205 Subject | $659,000* List Price | 3 | 2 | 1,130 | $583 | - |
A 305 E Valencia Avenue R Sold | $635,000 | 2 | 3 | 927 | $685 | 0.2 mi |
B 250 N First Street 336 Sold | $625,000 | 2 | 2 | 1,000 | $625 | 0.9 mi |
C 250 N First Street 436 Sold | $745,000 | 2 | 2 | 1,052 | $708 | 0.9 mi |
D 201 E Angeleno Avenue 206 Sold | $819,000 | 2 | 2 | 1,270 | $645 | 0.7 mi |
E 216 W Tujunga A Active | $599,000 List Price | 2 | 2 | 1,402 | $427 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990 (34 years old), the property is well-maintained but dated. The kitchen and bathrooms feature original-style oak cabinetry and fluorescent lighting. While functional with stainless steel appliances and stone countertops likely updated 10-15 years ago, the overall aesthetic and finishes require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Downtown Burbank, the property offers exceptional walkability to major retailers like Trader Joe's and IKEA, promoting a highly desirable low-car-dependent lifestyle.
- Enhanced Privacy and Layout
This unique upstairs unit features unshared stairway access and dual private patios within a small 11-unit complex, providing a level of seclusion rarely found in condominium living.
- Low Ownership Costs
With remarkably low HOA dues of $228 and access to the prestigious Burbank Unified School District, this property presents a high-value opportunity for families and budget-conscious buyers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Extended Market Time
The property has been on the market for 50 days and has already undergone a price reduction, which may indicate initial overpricing or a slower absorption rate for this specific unit type.
- Compact Three-Bedroom Footprint
At 1,130 square feet, the three-bedroom configuration may result in smaller individual bedroom sizes, which could be a constraint for buyers requiring more spacious living quarters.
About 1015 E Spazier Avenue 205
Urban living, Downtown Burbank style! This beautiful 3-bedroom, 2-bathroom upstairs condo is located in a small, well-maintained 11-unit complex with low HOA dues. Offering an exceptional level of privacy, the home features its own unshared stairway access and both front and back private patios. Embrace a lifestyle of low car dependence in an unbeatable location adjacent to Trader Joe's, Walgreens, IKEA, and countless premier dining, shopping, and entertainment options. Perfect for families, the property also grants access to the highly regarded Burbank School District. Additional conveniences include two assigned parking spaces in a secure subterranean garage and extra storage. Combining comfort, convenience, and a prime location, this is a rare opportunity to own in one of Burbank's most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 8,392 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $228.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,130 | 1,102.75 |
| Lot Size | 8,392 | 23,681.063 |
| Price | $659.0K | $678.8K |
| Price per sq ft | $583 | $599 |
| Built year | 1990 | 1991 |
| HOA | $228.0 | $413 |
| Days on market | 89 | 61 |
Pricing History
Listed for Sale
Aug 13, 2026
$659,000
$669,000
-1% Price Drop
Initial Listing
Price Change
Jul 17, 2026
$669,000
$689,000
-3% Price Drop
Initial Listing
Price Change
Jun 12, 2026
$689,000
Initial Listing
Sold
Dec 27, 2012
$323,500
Public Record
Sold
Oct 2, 2012
$247,500
Public Record