1735 N Lima Street, Burbank, California 91505, Burbank, 91505 - 3 bed, 2 bath

1735 N Lima Street, Burbank, California 91505 home-pic-0
ACTIVE$1,850,000
1735 N Lima Street, Burbank, California 91505
3Beds
2Baths
1,720Sqft
7,068Lot
Year Built
1949
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$1,076
HOA
-
Days on market
-
Sold On
-
MLS number
SR25050616
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood
Deck
Patio
ViewCity Lights,Neighborhood

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.85M(94th), sqft - 1720(70th), beds - 3(50th), baths - 2(50th).

Discover this fully remodeled gem nestled in the highly sought-after Magnolia Park neighborhood! Thoughtfully updated, this stunning home boasts recessed lighting, a brand-new HVAC system, new gutters, new doors, and a new roof all designed for effortless living. Dive into the inviting living room, where a striking green marble multi-sided fireplace takes center stage. Refinished hardwood floors and elegant arches lead you into a custom kitchen with a charming breakfast nook and a separate dining area. The two cozy bedrooms (or a bedroom + home office!) share a luxurious bathroom featuring a clawfoot tub, marble walls, and a spacious vanity. The dining area seamlessly extends to a serene covered deck, offering a picturesque view of the private, low-maintenance paver-stone backyard, perfect for relaxing or letting little ones ride their bikes among the flourishing fruit trees. Adding incredible value, the property includes a renter-ready 600 SF two-story ADU, complete with a full kitchen, fireplace, recessed lighting, AC, and new laminate flooring. The oversized balcony provides breathtaking city views, while a dedicated laundry room with a sink enhances convenience. The two-car garage is already outfitted with electricity, hot/cold water, and gas pipelines, featuring new drywall and recessed lighting ideal for conversion into a home studio or additional living space. Beyond the gate, enjoy a lush variety of fruit trees, including mandarin, kumquat, orange, fig, loquat, grapefruit, and pomegranate. This prime location is within walking distance of top-rated Burbank schools, the library, and a local park. Every detail of this home has been meticulously crafted with care don’t miss this exceptional opportunity!

Condition Rating
Excellent

Despite being built in 1949, this property has undergone a full and extensive remodel, as evidenced by the 'brand-new HVAC system, new gutters, new doors, and a new roof.' The main house features refinished hardwood floors, a custom kitchen with modern appliances and finishes, and a luxurious bathroom with marble walls and a clawfoot tub. The ADU also boasts a full, updated kitchen and new laminate flooring. All major systems and aesthetic elements are new or virtually new, meeting current quality standards with no deferred maintenance, qualifying it as excellent.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7068, living area = 1720.
Extensive Remodel & Updates: The property has been fully remodeled with significant updates including a brand-new HVAC system, new gutters, new doors, a new roof, recessed lighting, and refinished hardwood floors, offering a move-in ready experience.
Income-Generating ADU: Includes a renter-ready 600 SF two-story ADU with a full kitchen, fireplace, AC, and city views, providing excellent potential for rental income or multi-generational living.
Prime Magnolia Park Location: Situated in the highly sought-after Magnolia Park neighborhood, within walking distance of top-rated Burbank schools, the library, and a local park, enhancing desirability and convenience.
Versatile Spaces & Potential: Offers flexible main house bedrooms (one can be an office), an ADU with an oversized balcony, and a two-car garage prepped for conversion into a home studio or additional living space.
Charming Outdoor Living & Unique Features: Features a serene covered deck, a private, low-maintenance paver-stone backyard with flourishing fruit trees, and a striking green marble multi-sided fireplace in the living room.

Cons

Limited Main House Bedrooms: The main house offers only two bedrooms, which may be a limiting factor for larger families or those requiring more dedicated sleeping spaces within the primary residence.
Single Main House Bathroom: The main house features only one shared bathroom for its two bedrooms, which could be inconvenient for multiple occupants.
Age of Original Structure: Despite extensive remodeling, the property's original construction year of 1949 means the underlying infrastructure is older, which could lead to unforeseen maintenance or structural considerations for some buyers.

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