
Burbank, California 91506
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,390,000—positioned well below the $1,447,214 Fair Market Value by 3%. This valuation gap offers $57,214 in Instant Equity. Featuring a Condition Rating of 2, the property includes a permitted 2019 ADU, modern open-concept kitchen, and built-in swim spa. With separate utility metering and guaranteed rental income, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey property with significant supplemental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1712 N Lincoln Street Subject | $1,390,000* List Price | 0 | 0 | 1,738 | $833 | - |
A 1640 N Lincoln Street Sold | $1,083,272 | 4 | 2 | 1,323 | $819 | 0.1 mi |
B 835 N Lincoln Street Sold | $1,425,000 | 3 | 2 | 1,898 | $751 | 0.8 mi |
C 821 N Myers Sold | $1,365,000 | 3 | 2 | 1,363 | $1,001 | 0.8 mi |
D 649 N Reese Place N Sold | $1,200,000 | 2 | 2 | 1,348 | $890 | 0.9 mi |
E 900 N Parish Sold | $1,210,000 | 4 | 2 | 1,190 | $1,017 | 0.6 mi |
F 1306 N Keystone Active | $1,299,990 List Price | 2 | 2 | 1,474 | $882 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation including a modern open-concept kitchen with stone countertops and stainless appliances. Key systems are updated with a 2019-permitted ADU, new sewer lines, updated electrical panels, and central HVAC. The interior shows mint condition with contemporary flooring, recessed lighting, and updated windows, meeting the criteria for a recent high-end renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8229, living area = 1738.
The property features a permitted 488-square-foot ADU currently leased at $2,750 per month through February 2027, providing substantial guaranteed income to offset mortgage costs.
Significant capital has been invested in high-value improvements, including replaced sewer lines, updated electrical panels, and separate utility meters for both the main house and ADU.
Because the ADU and garage are leased until early 2027, the buyer faces restricted use of the secondary unit and garage storage for nearly two years.
Despite modern renovations, the main residence dates back to 1937, which may present inherent challenges related to older foundations or framing compared to contemporary builds.
Thoughtfully renovated with comfort, style, and flexibility in mind, this inviting Burbank property offers a beautifully updated main home plus a permitted ADU with built-in rental income. At the heart of the home is a stunning open-concept kitchen featuring stone countertops, stainless steel appliances, and a spacious center island where family and friends naturally gather. Updated windows fill the home with abundant natural light, while a versatile bonus room easily adapts to your needs as a formal dining room, home office, gym, playroom, or even a potential fourth bedroom. Designed for our indoor-outdoor Southern California lifestyle, the backyard extends your living space outdoors with a built-in swim spa, surrounding deck, and an expansive raised patio perfect for quiet mornings, weekend barbecues, or evenings spent entertaining under the stars. The permitted 488-square-foot ADU, completed in 2019, offers an open-concept floor plan that echoes the style of the main home, with two bedrooms, a three-quarter bath and a walk-in closet. The ADU and detached two-car garage are currently leased through February 2027 at $2,750 per month, providing immediate rental income to help offset ownership costs. The seller has invested in numerous behind-the-scenes improvements, including replacement of the sewer lines serving both residences, an updated electrical panel, and separately metered gas and electric service for each home. Both the main house and ADU feature central heating and air conditioning, as well as their own laundry hookups. Ideally located just minutes from local parks, neighborhood cafes, the Chandler Bike Path and the area's renowned entertainment studios, this property offers a rare combination of lifestyle, flexibility, and long-term value. Whether you're seeking supplemental income today, space for extended family tomorrow, or room to grow your professional and creative pursuits, this is a home that can evolve with you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,738 | 1,708 |
| Lot Size | 8,229 | 6,504 |
| Price | $1.39M | $1.31M |
| Price per sq ft | $800 | $856 |
| Built year | 1937 | 1947 |
| HOA | $0 | $0 |
| Days on market | 6 | 50 |
Jul 16, 2026
$1,390,000
Initial Listing
Oct 23, 2023
$1,234,000
Public Record