1817 W Burbank Boulevard, Burbank, California 91506, Burbank, 91506 - 2 bed, 2 bath
ACTIVE$1,690,888$1,666/sqft
Est. Value: $1,528,432
-9%
AboveEstimate
1817 W Burbank Boulevard, Burbank, California 91506
2Beds
2Baths
1,666Sqft
4,440Lot
Price Vs. Estimate
The estimated value ($1,528,431.565) is $162,456.435 (9%) lower than the list price ($1,690,888). This property may be overpriced.
Key pros and cons
Top Pros:
Unique Investment/Development Opportunity: Explicitly marketed as a 'rare opportunity' for investors and developers, indicating significant potential for redevelopment, conversion, or specialized commercial use.
Top Cons:
Age and Potential for Obsolescence: Built in 1949, the property likely requires significant updates to its infrastructure, systems, and aesthetics to meet modern standards and preferences, incurring substantial renovation costs.
Compared to the nearby listings
Price:$1.69M vs avg $1.38M (+$315,888)79%
Size:1,666 sqft vs avg 1,630 sqft53%
Price/sqft:$1.0K vs avg $84377%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this property shows significant age and a lack of modern updates. The kitchen features very outdated cabinets, concrete-like countertops, a small tile backsplash, and an old range, all requiring a full renovation. The bathrooms are similarly dated with basic fixtures and worn tiling. While the back 'home' appears livable, the overall property, including the former preschool space, exhibits substantial wear and tear, dated systems (e.g., window AC units), and finishes that necessitate extensive repairs and rehabilitation to meet current standards. The listing's focus on 'investors and developers' further indicates the need for significant capital investment.
Year Built
1949
Close
-
List price
$1.69M
Original List price
$1.69M
Price/Sqft
$1,015
HOA
-
Days on market
-
Sold On
-
MLS number
26639613
Home ConditionPoor
Features
Patio
View-
About this home
Check out this rare and unique Burbank property located in the heart of the city. Zoned for school use, this property features two buildings on one lot, including a home in the back. Formerly the Rainbow School preschool, it's now on the market for the first time on the market.A must-see for investors and developers this is a rare opportunity!
C
Christopher Jones
Listing Agent
Condition Rating
Poor
Built in 1949, this property shows significant age and a lack of modern updates. The kitchen features very outdated cabinets, concrete-like countertops, a small tile backsplash, and an old range, all requiring a full renovation. The bathrooms are similarly dated with basic fixtures and worn tiling. While the back 'home' appears livable, the overall property, including the former preschool space, exhibits substantial wear and tear, dated systems (e.g., window AC units), and finishes that necessitate extensive repairs and rehabilitation to meet current standards. The listing's focus on 'investors and developers' further indicates the need for significant capital investment.
Pros & Cons
Pros
Unique Investment/Development Opportunity: Explicitly marketed as a 'rare opportunity' for investors and developers, indicating significant potential for redevelopment, conversion, or specialized commercial use.
Flexible Zoning for Specialized Use: Zoned for school use and formerly a preschool, this property offers unique possibilities for educational, childcare, or other community-oriented ventures, appealing to a niche market.
Dual Structures on One Lot: The presence of two buildings, including a separate home in the back, provides versatility for multiple income streams, multi-generational living, or a live-work setup.
Prime Burbank Location: Located 'in the heart of the city' of Burbank, offering excellent access to local amenities, schools, entertainment studios, and employment centers, enhancing its long-term value.
First-Time Market Offering: Being on the market for the first time suggests a fresh opportunity and potentially a property that has been well-maintained by its original owners/users, attracting significant interest.
Cons
Age and Potential for Obsolescence: Built in 1949, the property likely requires significant updates to its infrastructure, systems, and aesthetics to meet modern standards and preferences, incurring substantial renovation costs.
Specialized Zoning Limitations: While a strength for some, the 'school use' zoning may present challenges or require a complex and costly rezoning process for buyers intending a purely residential or different commercial use, potentially limiting the buyer pool.
High Price Point Relative to Condition/Age: The listing price of $1,690,888 for a 1949 property with specialized zoning and likely needing updates could be perceived as high, potentially deterring buyers looking for move-in ready or standard residential properties.