1515 Grismer Avenue 302, Burbank, California 91504, Burbank, 91504 - 2 bed, 2 bath
1515 Grismer Avenue 302
Burbank, California 91504
Property Price
SUMMARY
Analysis of 1515 Grismer Avenue 302, Burbank, California 91504 is currently available with a list price of $635,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2007, this 18-year-old property is approaching the age where major systems and finishes show wear. The listing explicitly states the unit 'needs some TLC,' indicating deferred maintenance or the need for cosmetic updates such as new flooring or paint. While it features granite countertops and high ceilings, it lacks the recent renovations required for a 'good' or 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Top-Floor Corner Unit
Being a top-floor corner unit built in 2007, this property offers superior privacy, high ceilings, and expansive views of the city lights and mountains compared to interior units.
- Strategic Burbank Location
The property is ideally situated minutes from major employers like Burbank Studios and the Disney/Warner Bros. area, as well as the Empire Center and Burbank Airport, ensuring high rental demand and resale value.
- Modern Conveniences
The unit features essential modern amenities including granite countertops, in-unit laundry hookups, two dedicated parking spaces, and elevator access, which are highly sought after in the Burbank market.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The listing explicitly mentions the property 'needs some TLC,' suggesting that immediate additional investment will be required for cosmetic or functional repairs upon purchase.
- High Monthly Carrying Costs
With an association fee of $498 per month, the recurring non-mortgage expenses are relatively high, which may impact the debt-to-income ratio for some buyers.
About 1515 Grismer Avenue 302
Beautiful Corner Unit Top Floor in Prime Burbank Location! Stylish 2-bedroom, 2-bath front corner unit featuring high ceilings, a private balcony, and fantastic views. Enjoy a modern kitchen with granite countertops, recessed lighting, and tiled bathrooms . Convenient in-unit washer and dryer hookups, two parking spaces, an elevator, and a sun deck add to the appeal. Needs some TLC! Ideally situated just minutes from Burbank Studios, the Empire Center, Downtown Burbank, shopping, dining, entertainment, transportation, the Civic Center, and Burbank Airport. This is the perfect blend of comfort, style, and convenience — a must-see!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 10,922 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $498.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 30% |
| Square foot | 1,020 | 1,244 | 10% |
| Lot Size | 10,922 | 95,611 | 10% |
| Price | $635.0K | $643.5K | 50% |
| Price per sq ft | $623 | $521 | 90% |
| Built year | 2007 | 1980 | 90% |
| HOA | $498.0 | $725 | 20% |
| Days on market | 127 | 160 | 40% |
Pricing History
Listed for Sale
Feb 27, 2026
$635,000
$649,000
-2% Price Drop
Initial Listing
Price Change
Dec 16, 2025
$649,000
$670,000
-3% Price Drop
Initial Listing
Price Change
Oct 30, 2025
$670,000
Initial Listing