1831 Richard Street, Burbank, California 91504, Burbank, 91504 - 3 bed, 2 bath
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Burbank, California 91504
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,649,000—positioned well below the $1,684,631 Fair Market Value by 2%. This valuation gap offers $35,631 in Instant Equity. With a Condition Rating of 2, the home features recent major upgrades including a 2024 roof and 2022 HVAC. Located in the Burbank Unified district near top-rated schools, this property offers a versatile bonus office and a peaceful patio. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready foothills sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1831 Richard Street Subject | $1,549,000* List Price | 3 | 2 | 1,800 | $911 | - |
A 749 Stanford Road Sold | $1,900,000 | 4 | 3 | 1,922 | $989 | 0.2 mi |
B 2031 Jolley Drive Sold | $1,439,000 | 3 | 2 | 1,479 | $973 | 0.2 mi |
C 644 Hampton Road Sold | $1,500,000 | 3 | 2 | 1,923 | $780 | 0.3 mi |
D 742 Groton Sold | $1,899,000 | 3 | 4 | 1,828 | $1,039 | 0.2 mi |
E 725 Tufts Avenue Sold | $1,442,750 | 3 | 2 | 1,492 | $967 | 0.3 mi |
F 606 Uclan Drive Sold | $1,609,088 | 3 | 2 | 1,495 | $1,076 | 0.3 mi |
G 2405 Jolley Active | $1,549,000 List Price | 3 | 2 | 1,577 | $982 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features major system updates within the last 5 years, including a new roof (2024), HVAC (2022), and plumbing (2021). With recently remodeled bathrooms and mint-condition hardwood floors, the home requires no immediate maintenance and meets the criteria for a recent high-quality renovation.
Situated in the highly sought-after Burbank foothills on a quiet, tree-lined street near top-rated Thomas Jefferson Elementary, offering excellent neighborhood prestige and long-term value.
The property features significant capital improvements including a new roof (2024), HVAC (2022), and updated plumbing (2021), significantly reducing immediate maintenance concerns for the buyer.
In addition to the three bedrooms, the home includes a dedicated bonus office space off the garage, perfectly catering to the modern work-from-home lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1993.
Despite its foothill location, the property only offers 'peekaboo' views of city lights, which may be a drawback for buyers specifically seeking expansive or panoramic vistas.
At 6,292 square feet, the lot size is relatively standard for the area, which may limit options for significant future expansions or large-scale outdoor amenities compared to larger estate lots.
$100,000 price reduction !!!! Charming traditional 3-bedroom, 2-bath home nestled in the coveted Burbank foothills on a quiet, picturesque tree-lined street with sidewalks, just a few blocks from highly rated Thomas Jefferson Elementary School. Filled with warmth and character, this light-filled home features beautiful hardwood floors and spacious open living areas that flow seamlessly to the backyard patio and grassy yard beyond. Lush fruit trees and a view of the city lights create a peaceful outdoor retreat perfect for entertaining or relaxing. The inviting kitchen offers a generous breakfast nook, ideal for casual dining and morning coffee. Both full bathrooms have been tastefully remodeled, and a separate laundry area adds convenience. Just off the attached 2-car garage is a versatile bonus office space — perfect for today’s work-from-home lifestyle. Thoughtfully updated for comfort and peace of mind, the home features a roof installed in 2024, HVAC system in 2022, updated plumbing in 2021, fencing in 2024, and upgraded ductwork designed to improve the home’s overall energy efficiency and climate control. A wonderful opportunity to enjoy classic charm, modern improvements, and an exceptional foothills location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,800 | 1,828 | 44% |
| Lot Size | 6,292 | 7,015 | 26% |
| Price | $1.55M | $1.52M | 51% |
| Price per sq ft | $861 | $858 | 51% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 122 | 5% |
May 28, 2026
$1,549,000
$1,649,000
-6% Price Drop
Initial Listing
May 14, 2026
$1,649,000
Initial Listing
Mar 11, 2021
$1,250,000
Public Record
Sep 9, 1999
$312,000
Public Record