1207 S Chavez, Burbank, California 91506, Burbank, 91506 - 3 bed, 3 bath
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Burbank, California 91506
This property presents a Strong Value Opportunity with a List Price of $999,000—positioned well below the $1,062,134 Fair Market Value by 5%. This valuation gap offers $63,134 in Instant Equity for buyers capable of managing a comprehensive renovation. Featuring a Condition Rating of 5, this heavy fixer includes a private pool, horse-zoned lot, and a detached studio apartment with ADU potential. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a significant value-add project in a prime Burbank neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1207 S Chavez Subject | $1,125,000* List Price | 3 | 3 | 1,587 | $697 | - |
A 611 S Sparks Street Sold | $1,040,000 | 2 | 1 | 1,743 | $597 | 0.6 mi |
B 427 S Orchard Sold | $1,155,000 | 2 | 2 | 1,473 | $784 | 0.8 mi |
C 331 W Elmwood Avenue Sold | $1,219,500 | 2 | 2 | 1,550 | $787 | 0.4 mi |
D 340 S Lomita Street Sold | $972,000 | 3 | 1 | 1,201 | $809 | 0.5 mi |
E 408 S Sparks Street Sold | $1,070,000 | 3 | 2 | 1,279 | $837 | 0.6 mi |
F 427 S Orchard Drive Active | $1,095,000 List Price | 2 | 2 | 1,473 | $743 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1931 property is a 'heavy fixer' that 'needs everything' according to the listing. Images confirm a severely dated bathroom with likely original plumbing and a sunroom with significant structural cracking and exposed wall cavities, requiring a full-scale rehab of all major systems.
Situated in a highly desirable Rancho-adjacent neighborhood and zoned for horses, this property offers a unique lifestyle appeal and significant long-term value in the competitive Burbank market.
The property features a unique studio apartment above the porte-cochere and a detached two-car garage with ADU conversion potential, providing multiple avenues for rental income or increased equity.
This 1931 Spanish-style home retains its original charm, serving as a rare 'blank canvas' for restoration enthusiasts looking to create a high-end custom residence in a character-rich area.
The property was recently sold within the past year on 2026-06-23. The sold price is $975,000.00.
Classified as a 'heavy fixer' that 'needs everything,' the property requires a substantial capital investment and a full-scale rehabilitation to address all structural and cosmetic systems.
With a list price of $999,000 for a property requiring total restoration, the high entry point may challenge the profit margins for investors or the total project budget for owner-occupiers.
1931 Spanish heavy fixer with endless Potential. Cash or hard money most likely. Needs everything so step back in time with this rare 1931 Spanish character home, perfectly situated in a highly desirable Rancho-adjacent neighborhood. Zoned for horses and featuring a private pool. This fixer-upper is a dream canvas for restoration enthusiasts and investors alike. The main home retains its original charm, ready for a modern rehab to maximize its significant upside value. .A true standout feature is the unique, private studio apartment with a full bath located above the porte-cochere -perfect for an office, guest unit, or rental. Front and back patios. The grounds offer a pool and detached two-car garage with prime ADU conversion potential (check with corresponding agencies). Bring your your design vision and your contractors to restore this one-of-a-kind home to its grand glory.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,587 | 1,708 |
| Lot Size | 6,224 | 6,504 |
| Price | $1.12M | $1.31M |
| Price per sq ft | $709 | $856 |
| Built year | 1931 | 1947 |
| HOA | $0 | $0 |
| Days on market | 15 | 50 |
Jul 17, 2026
$1,125,000
$999,000
+13% Price Increase
Initial Listing
Jul 7, 2026
$999,000
Initial Listing
Jun 23, 2026
$975,000
Public Record