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1330 1332 N Lincoln Street, Burbank, California 91506, Burbank, 91506 - bed, bath

1330 1332 N Lincoln Street, Burbank, California 91506 home-pic-0
ACTIVE$1,875,000
1330 1332 N Lincoln Street, Burbank, California 91506
0Bed
0Bath
2,136Sqft
6,001Lot

Price Vs. Estimate

The estimated value ($1,793,372.445) is $81,627.555 (4%) lower than the list price ($1,875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Dual-Home Configuration: This property offers a rare and highly versatile dual-home setup, ideal for multi-generational living, significant rental income potential, or a large family compound, providing exceptional flexibility for various buyer needs.
Top Cons:
Older Original Construction: Despite extensive remodels, the property's original build year of 1941 means the underlying structure is quite old, which could potentially lead to unforeseen issues with original foundations or elements not explicitly replaced.

Compared to the nearby listings

Price:$1.88M vs avg $1.35M (+$525,000)82%
Size:2,136 sqft vs avg 1,607 sqft75%
Price/sqft:$878 vs avg $86252%

More Insights

Built in 1941 (84 years old).
Condition: Despite being built in 1941, this property has undergone a comprehensive and recent 'complete remodel' and 'full update' for both units, including a brand-new addition, new roofs, new kitchens with brand-new stainless steel appliances and modern finishes (blue cabinetry, quartz countertops), new bathrooms with contemporary fixtures, all-new electrical, plumbing, and HVAC systems, and new flooring throughout. The images confirm a modern, turn-key condition with high-quality finishes and no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last few years.
Year Built
1941
Close
-
List price
$1.88M
Original List price
$2M
Price/Sqft
$878
HOA
-
Days on market
-
Sold On
-
MLS number
SR25084505
Home ConditionExcellent
Features
Patio
View-

About this home

Incredible opportunity to own a dual-home property ideal for multi-generational living, rental income, or a large family compound! This fully remodeled property features two separate homes with private yards, entrances, and modern upgrades throughout. Front House: Completely remodeled 2-bedroom, 2-bath home with approx. 1,016 sq.ft. of living space. Includes a brand-new addition, a new roof, a designer kitchen with brand-new appliances, new bathrooms, and all-new electrical, plumbing, and HVAC systems. New in-unit washer and dryer. Step outside to a beautifully landscaped private yard featuring a custom gazebo with an electrically retractable roof, a new irrigation system, and fresh concrete hardscaping throughout. Back House (ADU): A stunning 3-bedroom, 2-bath residence with approx. 1,120 sq.ft. of living space. Fully updated with a new kitchen, bathrooms, roof, flooring, plumbing, electrical, and HVAC systems. New in-unit washer and dryer. Offers a private entrance from a wide alley and dedicated parking. Enjoy two private, newly landscaped yards, perfect for relaxation or entertaining. Don’t miss this rare chance to own two turn-key homes on one lot—live in one and rent the other, or keep both for extended family!

Condition Rating
Excellent
Despite being built in 1941, this property has undergone a comprehensive and recent 'complete remodel' and 'full update' for both units, including a brand-new addition, new roofs, new kitchens with brand-new stainless steel appliances and modern finishes (blue cabinetry, quartz countertops), new bathrooms with contemporary fixtures, all-new electrical, plumbing, and HVAC systems, and new flooring throughout. The images confirm a modern, turn-key condition with high-quality finishes and no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last few years.
Pros & Cons

Pros

Dual-Home Configuration: This property offers a rare and highly versatile dual-home setup, ideal for multi-generational living, significant rental income potential, or a large family compound, providing exceptional flexibility for various buyer needs.
Extensive Turn-Key Remodel: Both residences have undergone comprehensive, high-quality remodels, including new roofs, designer kitchens with new appliances, updated bathrooms, and all-new electrical, plumbing, and HVAC systems, ensuring a truly turn-key experience for buyers.
Private & Landscaped Outdoor Spaces: Each home boasts its own private, newly landscaped yard, with the front house featuring a custom gazebo with an electrically retractable roof, enhancing outdoor living and entertainment options.
Independent Living Arrangements: The two homes offer separate entrances, private yards, and in-unit washers and dryers, with the back ADU having dedicated alley parking, providing excellent independence and privacy for occupants of each unit.
Desirable Burbank Location: Situated in Burbank, a highly sought-after Southern California city, the property benefits from a strong local market, good schools, and proximity to major entertainment studios and amenities.

Cons

Older Original Construction: Despite extensive remodels, the property's original build year of 1941 means the underlying structure is quite old, which could potentially lead to unforeseen issues with original foundations or elements not explicitly replaced.
Recent Price Reduction: The property has seen a notable price reduction from its original list price, which may indicate it was initially overpriced or has faced challenges in attracting offers at its previous valuation.
Limited Individual Lot Space: While each unit has a private yard, having two homes on a 6,001 sq.ft. lot may result in smaller individual outdoor areas compared to a single-family residence on a similar lot, potentially limiting expansive recreational space.

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