
Burbank, California 91501
This Prime Redevelopment Opportunity in the prestigious Burbank Hills is listed at $1,200,000, with a $1,038,631 Fair Market Value that reflects its current Severe Distress Condition Rating. The value of this asset is driven by the expansive 9,967 sq. ft. Lot and the unique Frank Lloyd Wright-inspired architecture. Featuring panoramic City Lights and Mountain views, the site includes 788 sq. ft. of bonus basement space within the Burbank Unified School District. This property offers significant forced appreciation potential for Developers or Owner-Builders looking to build a luxury residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1723 Thurber Place Subject | $1,200,000* List Price | 2 | 1 | 1,452 | $715 | - |
A 1004 La Rambla Drive Sold | $1,175,000 | 2 | 2 | 1,689 | $696 | 0.1 mi |
B 1794 Thurber Place Sold | $1,400,000 | 3 | 2 | 1,952 | $717 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is in a state of severe distress and is explicitly marketed as a redevelopment or major renovation project. Interior images show a non-functional kitchen with exposed utilities, significant ceiling damage including missing tiles and water stains, and dilapidated flooring. Built in 1950 with no evidence of modern updates, the structure appears unlivable in its current condition, with the primary value residing in the large lot and development potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9967, living area = 1452.
Situated on a nearly 10,000 sq. ft. lot in the prestigious Burbank Hills, this property offers significant upside for investors or developers looking to capitalize on the neighborhood's trend toward modern, high-end luxury residences.
With design inspiration influenced by Frank Lloyd Wright and distinctive features like a coral-accented pool and a mature macadamia nut tree, the property provides a one-of-a-kind foundation for a custom creative renovation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The home is positioned as a major value-add project or redevelopment site, implying that the current structure requires a total overhaul and significant capital investment to reach its full potential.
The current 2-bedroom, 1-bathroom configuration is undersized for the area's market demand, necessitating a structural expansion to accommodate modern family living standards.
Exceptional opportunity in the highly sought-after Burbank Hills—ideal for investors, owner builders, and developers looking for their next project. This property presents a true value-add opportunity and is best suited for a major renovation or potential redevelopment. There is additional storage space under the home in the basement Approx. 788 sq. ft. - not permitted as living space and not included the square footage. The surrounding neighborhood continues to see strong demand, with many properties being updated, expanded, or replaced with newer, larger homes. Recent activity reflects a clear trend toward modern construction and thoughtfully designed residences, supporting long-term upside potential for those looking to reimagine the site. The home carries a unique architectural story, with design inspiration influenced by the legacy of Frank Lloyd Wright, offering an interesting foundation for those who may wish to incorporate or reinterpret its character. The property also features distinctive personal elements, including a pool accented with authentic brain coral and a giant clam shell brought back from Hawaii post WWII, as well as a mature macadamia nut tree near the driveway—adding a layer of history and individuality to the setting. Conveniently located near major studios, employment centers, dining, and transportation, Burbank remains one of the most desirable areas in Los Angeles for both end-users and developers alike. Bring your vision and unlock the potential of this unique property in a neighborhood defined by growth and transformation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 1,452 | 1,739 | 35% |
| Lot Size | 9,967 | 7,827 | 73% |
| Price | $1.20M | $1.41M | 31% |
| Price per sq ft | $826 | $814 | 50% |
| Built year | 1950 | 1939 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 150 | 8% |
Apr 3, 2026
$1,200,000
Initial Listing