1232 E Elmwood Avenue, Burbank, California 91501, Burbank, 91501 - 2 bed, 3 bath
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Burbank, California 91501
This Turnkey Single Family Residence represents a Prime Investment Opportunity, listed at $1,335,000—positioned well below the $1,368,875 Fair Market Value by 2%. This valuation gap provides $33,875 in Instant Equity. With a Condition Rating of 3, the home features extensive infrastructure upgrades and a versatile, finished detached garage. The expansive 13,613 sq. ft. lot offers significant potential for future expansion. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready home in a premium Burbank location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1232 E Elmwood Avenue Subject | $1,335,000* List Price | 2 | 3 | 1,277 | $1,072 | - |
A 921 E Elmwood Avenue Active | $1,399,993 List Price | 3 | 2 | 1,260 | $1,111 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1940, the property has undergone significant renovations within the 5-15 year range. Key systems including the roof, electrical panel, sewer lines, and water heater have been updated. The interior features move-in-ready finishes such as granite countertops, stainless steel appliances, recessed lighting, and updated flooring, fitting the criteria for a well-maintained, functional home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13613, living area = 1277.
The property features a massive 13,613 sq. ft. lot, which is exceptionally rare for the Burbank area and offers significant potential for expansion, an ADU, or a custom outdoor oasis.
The finished 320 sq. ft. garage includes insulation, recessed lighting, and a half bath, providing a turnkey solution for a home office, creative studio, or guest space.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1277, other record living area = 1218.
At 1,277 sq. ft., the living space is relatively modest for the $1.335M price point, which may result in a high price-per-square-foot compared to larger homes in the area.
The two-bedroom layout may limit the property's appeal to larger families or buyers specifically seeking a three-plus bedroom configuration in a premium neighborhood.
Nestled in one of Burbank's most sought-after neighborhoods, this beautifully updated 2-bedroom, 2.5-bath home offers 1,277 sq. ft. of comfortable living space on an expansive 13,613 sq. ft. lot. Thoughtfully maintained and improved over the years, the property features numerous upgrades, including updated sewer lines, electrical panels, roof, water heater, and more. Enjoy a private patio area, perfect for outdoor dining, entertaining, or simply relaxing. The detached approximately 320 sq. ft. one-car garage has been enhanced with insulation, drywall, recessed lighting, and an attached half bath, providing added versatility and convenience. Ideally situated near popular dining, shopping, parks, and entertainment, this move-in-ready home presents a rare opportunity to own in a highly sought-after Burbank location. A truly special property with quality updates and endless appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,277 | 1,708 |
| Lot Size | 13,613 | 6,504 |
| Price | $1.33M | $1.31M |
| Price per sq ft | $1.0K | $856 |
| Built year | 1940 | 1947 |
| HOA | $0 | $0 |
| Days on market | 28 | 50 |
Jun 24, 2026
$1,335,000
Initial Listing
Jun 11, 2014
$665,000
Public Record
Jun 18, 2012
$410,000
Public Record
May 29, 2003
$236,700
Public Record