2030 Clybourn, Burbank, California 91505, Burbank, 91505 - 2 bed, 2 bath
ACTIVE$889,000
2030 Clybourn, Burbank, California 91505
2Beds
2Baths
954Sqft
5,500Lot
Year Built
1942
Close
-
List price
$889K
Original List price
$889K
Price/Sqft
$932
HOA
-
Days on market
-
Sold On
-
MLS number
OC24219376
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 18% below the list price. We found 3 Cons,5 Pros. Rank: price - $889.0K(21th), sqft - 954(15th), beds - 2(31th), baths - 2(50th).
Condition Rating
Poor
Built in 1942, this property shows clear signs of age with no apparent major renovations. The listing explicitly notes a 'Lack of Modern Updates' and 'Age of Systems/Finishes,' indicating that the property likely has older infrastructure (electrical, plumbing) and finishes that would require substantial buyer investment and immediate capital improvements. The absence of interior photos, especially for the kitchen and bathrooms, further suggests these areas are significantly outdated and in need of extensive rehabilitation.
Pros & Cons
Pros
Desirable Location: Situated in the highly sought-after Burbank area (MLS Area 610) within the reputable Burbank Unified High School District, offering strong community appeal and convenient access to local amenities and studios.
Two Full Bathrooms: The property features two full bathrooms, a significant advantage for a 2-bedroom home of this size, enhancing functionality and desirability compared to many 1-bath comparables.
Generous Lot Size: A generous 5500 sqft lot provides ample space for potential expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU), offering future value-add opportunities.
Established Neighborhood: Located in a mature and stable residential neighborhood, contributing to a strong sense of community and generally consistent property values.
Active Market Proximity: Positioned in an active market segment with several recent comparable sales within a close radius, indicating a liquid and well-understood local real estate environment.
Cons
Significant Overpricing: The current list price of $889,000 is 18% above the estimated property value of $720,353, suggesting it may be significantly overvalued compared to market expectations.
Lack of Modern Updates: Unlike many recently sold comparables that highlight extensive renovations (e.g., new kitchens, baths, HVAC, windows), the property description lacks mention of significant modern updates, implying potential for substantial buyer investment in upgrades.
Age of Systems/Finishes: Built in 1942, without specified updates to major systems, the property likely features older infrastructure (electrical, plumbing) and finishes, which could lead to higher maintenance costs or require immediate capital improvements.