1817 W Burbank Boulevard, Burbank, California 91506, Burbank, 91506 - 2 bed, 2 bath
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Burbank, California 91506
This Unique Development Asset is listed at $1,690,888, carrying a premium over the $1,489,182 Fair Market Value due to its specialized utility and rare land-use potential. With a Condition Rating of 5, the property demands a comprehensive renovation of its Dual Structures and patio to address significant age and wear. The rare School Use Zoning and central Burbank Location within the Burbank Unified School District provide a distinct value-add path for a niche conversion or site redevelopment. This first-time offering represents a strategic acquisition for Real Estate Developers or Institutional Investors seeking rare land-use flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1817 W Burbank Boulevard Subject | $1,690,888* List Price | 2 | 2 | 1,666 | $894 | - |
A 743 N Sparks Active | $1,275,000 List Price | 4 | 2 | 1,658 | $769 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
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 The kitchen features very outdated cabinets, concrete-like countertops, a small tile backsplash, and an old range, all requiring a full renovation.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.
Explicitly marketed as a 'rare opportunity' for investors and developers, indicating significant potential for redevelopment, conversion, or specialized commercial 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.
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.
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.
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.
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.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,666 | 1,664.5 | 50% |
| Lot Size | 4,440 | 6,749.5 | 6% |
| Price | $1.69M | $1.42M | 76% |
| Price per sq ft | $1.0K | $829 | 80% |
| Built year | 1949 | 1941 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 140 | 41% |
Jan 5, 2026
$1,690,888
Initial Listing