2109 N Lincoln Street, Burbank, California 91504, Burbank, 91504 - 3 bed, 2 bath
ACTIVE$1,045,000$1,272/sqft
Est. Value: $991,975
-5%
AboveEstimate
2109 N Lincoln Street, Burbank, California 91504
3Beds
2Baths
1,272Sqft
5,224Lot
Price Vs. Estimate
The estimated value ($991,974.65) is $53,025.35 (5%) lower than the list price ($1,045,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Location: The property boasts a prime location, minutes from major attractions like Disney/Universal Studios, Empire Shopping Center, and Burbank Airport, offering convenience and high demand.
Top Cons:
Age of Property & Renovation Scope: Built in 1947, despite some recent updates, the property likely requires significant modernization beyond the mentioned items to meet contemporary standards and fully realize its potential, as implied by the need for 'customization'.
Compared to the nearby listings
Price:$1.04M vs avg $1.41M ($-367,500)10%
Size:1,272 sqft vs avg 1,752 sqft25%
Price/sqft:$822 vs avg $82448%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property is significantly dated. While the listing mentions 'newer carpet, kitchen flooring, washer/dryer, new raised toilets/drain lines,' these are minor cosmetic updates. The kitchen features very old wood cabinets, laminate countertops, dated appliances, and wallpaper, requiring a full renovation. Bathrooms are similarly outdated with old vanities, fixtures, and shower enclosures. The presence of window AC units suggests a lack of central air conditioning, a major system deficiency. The overall aesthetic and core components require substantial rehabilitation to meet modern standards, making it an uncomfortable living space in its current state.
Year Built
1947
Close
-
List price
$1.04M
Original List price
$1.04M
Price/Sqft
$822
HOA
-
Days on market
-
Sold On
-
MLS number
226000031
Home ConditionPoor
Features
Patio
View-
About this home
LOCATION ! LOCATION ! LOCATION ! Just minutes from Disney / Universal Studios, Empire Shopping Center & Burbank Airport, this charming 3 bedroom 2 bath home with a huge 2 car garage, sits on an R4 lot allowing multi-apartment add-ons etc; with striking Fireplace & huge closets in a den that opens thru large sliding glass doors to a patio enhanced with exquisite brick work, plants/shrubs and tree laden with oranges. Newer carpet, kitchen flooring, washer/dryer, new raised toilets/drain lines. All this, making it an ideal opportunity for investors or buyers looking to customize. this home offers strong potential in Prime area of Burbank!
K
Keith Jacobson
Listing Agent
Condition Rating
Poor
Built in 1947, this property is significantly dated. While the listing mentions 'newer carpet, kitchen flooring, washer/dryer, new raised toilets/drain lines,' these are minor cosmetic updates. The kitchen features very old wood cabinets, laminate countertops, dated appliances, and wallpaper, requiring a full renovation. Bathrooms are similarly outdated with old vanities, fixtures, and shower enclosures. The presence of window AC units suggests a lack of central air conditioning, a major system deficiency. The overall aesthetic and core components require substantial rehabilitation to meet modern standards, making it an uncomfortable living space in its current state.
Pros & Cons
Pros
Exceptional Location: The property boasts a prime location, minutes from major attractions like Disney/Universal Studios, Empire Shopping Center, and Burbank Airport, offering convenience and high demand.
Significant Development Potential: Situated on an R4 zoned lot, the property allows for multi-apartment add-ons, presenting a substantial opportunity for investors to expand and maximize returns.
Investor & Customization Opportunity: Explicitly highlighted as an ideal opportunity for investors or buyers looking to customize, indicating strong potential for value appreciation through renovation and development.
Recent Interior Updates: Includes newer carpet, kitchen flooring, washer/dryer, and updated toilets/drain lines, providing some refreshed elements and reducing immediate cosmetic renovation needs.
Desirable Home Features: The home offers a huge 2-car garage, a striking fireplace, large closets, and a charming patio with exquisite brickwork and fruit trees, enhancing its appeal and functionality.
Cons
Age of Property & Renovation Scope: Built in 1947, despite some recent updates, the property likely requires significant modernization beyond the mentioned items to meet contemporary standards and fully realize its potential, as implied by the need for 'customization'.
Unspecified Major System Condition: The description does not detail the condition or updates of critical systems such as HVAC, electrical, roof, or foundation, which could be original and necessitate substantial future investment.
Potential for Higher Operating Costs: As an older home, it may feature less energy-efficient components (e.g., insulation, windows) compared to newer constructions, potentially leading to higher utility bills and ongoing maintenance expenses.