1322 Lincoln, Burbank, California 91506, Burbank, 91506 - bed, bath
ACTIVE$899,000
1322 Lincoln, Burbank, California 91506
0Bed
0Bath
100Sqft
6,100Lot
Year Built
1946
Close
-
List price
$899K
Original List price
$999K
Price/Sqft
$8,990
HOA
-
Days on market
-
Sold On
-
MLS number
CV25164966
Home ConditionTear down
Features
Good View: None
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $899.0K(5th), sqft - 100(2th), beds - undefined(3th), baths - undefined(3th).
These are 2-side-by-side lots 1320 and 1322 Lincoln with an asking price of 899k each lot. The original lot was split, each lot (6100sf) has a separate APN. Ready to build. Plans are for a 2-story, 4bed - 3bath, 2400sf main house (each lot). Plans also include a 2-story, 2bed - 2bath detached ADU in the rear of property (each lot), with alley access . The current structure remains as an option, if both lots are purchased together, or it will be demo'd if only one lot is purchased. Please call Listing Agent with any questions.
Price History
Date
Event
Price
08/28/25
Price Change
$899,000-2.8%
08/23/25
Price Change
$925,000-2.5%
08/15/25
Price Change
$949,000
07/22/25
Listing
$999,000
Condition Rating
Tear down
The property was built in 1946, making it over 50 years old. The listing explicitly states that the 'current structure... will be demo'd if only one lot is purchased' and highlights that the lots are 'Ready to build' with plans for new construction. This indicates the value is in the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Prime Development Opportunity: The property consists of two side-by-side 6100 sqft lots, explicitly stated as 'ready to build,' offering a significant opportunity for new construction in a desirable area.
Pre-Approved Building Plans: Detailed plans are already in place for a 2-story, 4-bedroom, 3-bathroom, 2400 sqft main house on each lot, which can significantly expedite the construction process.
ADU Potential with Alley Access: Plans include a 2-story, 2-bedroom, 2-bathroom detached ADU with convenient alley access, providing excellent potential for rental income or multi-generational living.
Desirable Burbank Location: Located in Burbank, a highly sought-after city known for its strong real estate market, excellent schools (Burbank Unified), and proximity to entertainment industry hubs and amenities.
Flexible Purchase Options: Buyers have the flexibility to purchase one or both lots, allowing for different investment strategies and development scales.
Cons
Significant Additional Investment Required: The listed price is for the land, and substantial capital will be needed for the construction of the planned main house and ADU, adding significantly to the overall project cost.
Existing Structure Demolition Cost: If only one lot is purchased, the existing 1946 structure (noted as 100 sqft) will be demolished, incurring additional costs and time for the buyer.
Recent Price Reductions: The property has seen multiple price drops from an original list price of $999,000 to the current $899,000, which could indicate initial overpricing or challenges in attracting buyers at higher price points.