
Burbank, California 91506
This Spacious Gated Mini-Estate is a Strong Value Opportunity, listed at $999,999—positioned well below the $1,101,964 Fair Market Value by 9%. This valuation gap provides $101,965 in Instant Equity. Featuring a Condition Rating of 4, the property offers a functional layout with Mountain Views, new flooring, and a versatile detached guest room. Located in the top-rated Burbank Unified School District, it balances lifestyle perks with significant value-add potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1331 N Lamer Street Subject | $999,999* List Price | 3 | 2 | 2,050 | $538 | - |
A 743 N Sparks Sold | $1,015,000 | 4 | 2 | 1,658 | $612 | 0.6 mi |
B 1331 N Lamer Street Active | $1,099,990 List Price | 3 | 2 | 2,050 | $537 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, the property is dated with a kitchen remodel that appears to be 25-30 years old, showing significant wear on the cabinetry. While the home has been refreshed with new laminate flooring and paint, the presence of window AC units despite the mention of central HVAC suggests older or inconsistent systems. It is functional and move-in ready but requires modernization of the kitchen and likely bathrooms.
The property includes a detached guest room behind the garage, providing a highly flexible space perfect for a home office, creative studio, or guest accommodations.
The home features a remodeled kitchen, new laminate flooring, and fresh carpeting throughout, offering a move-in-ready feel for the primary living areas.
Situated on a generous 6,250 square foot lot with a gated entrance, this 'mini estate' provides enhanced privacy and security in a desirable Burbank neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
While marketed as a 3-bedroom home, tax records only reflect 2 bedrooms, which could lead to complications during the appraisal or financing process.
The property only offers a detached 1-car garage, which may be a significant drawback for multi-vehicle households or those requiring extensive storage space.
Welcome to your own mini gated estate, offering space, privacy, and endless potential on a generous 6,250 square foot lot. This charming two-story home features approximately 2,050 square feet of living space with 3 bedrooms and 2 bathrooms, thoughtfully laid out for comfort and flexibility. Step inside to a huge living room filled with natural light, complemented by new laminate flooring and fresh carpet throughout. The oversized formal dining room is perfect for gatherings and entertaining. The remodeled kitchen includes a convenient laundry area, making everyday living both functional and efficient. Central heating and air conditioning provide year-round comfort. Upstairs, enjoy a private primary suite retreat, offering separation and tranquility from the rest of the home. Outside, the expansive front yard creates a welcoming first impression and features a mature avocado tree, adding charm and character to the property. A detached 1-car garage is accompanied by a versatile guest room located behind it, ideal for visitors, a home office, or creative space. This home is just waiting for your finishing touches to truly make it your own. With its unique gated setting, generous lot size, and flexible layout, this property presents a rare opportunity to create something special. Tax assessor shows 2 bedrooms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,050 | 1,686.5 | 69% |
| Lot Size | 6,250 | 6,749.5 | 28% |
| Price | $1000.0K | $1.41M | 7% |
| Price per sq ft | $488 | $823 | 4% |
| Built year | 1939 | 1940 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 140 | 2% |
Apr 16, 2026
$999,999
Initial Listing