233 N Sparks Street, Burbank, California 91506, Burbank, 91506 - 3 bed, 3 bath

233 N Sparks Street, Burbank, California 91506 home-pic-0
ACTIVE$2,295,000
233 N Sparks Street, Burbank, California 91506
3Beds
3Baths
2,335Sqft
10,639Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Potential & Versatility: The property features a fully permitted Accessory Dwelling Unit (ADU), offering excellent potential for rental income, extended family living, or a private guest space, significantly enhancing its value and appeal.
Top Cons:
Significant Price Reductions: The property has undergone multiple price reductions, from an original list price of $2.695M down to $2.295M, which may indicate initial overpricing or market resistance at previous price points.

Compared to the nearby listings

Price:$2.29M vs avg $1.61M (+$687,500)50%
Size:2,335 sqft vs avg 1,985 sqft50%
Price/sqft:$983 vs avg $77350%

More Insights

Built in 1939 (86 years old).
Condition: Despite being built in 1939, the property benefits from recent significant upgrades to major systems including A/C, windows, doors, electrical, and plumbing, ensuring modern comfort and efficiency. The property also features a fully permitted ADU with a modern kitchen and bathroom, which is in excellent condition. While the main house's kitchen has been refreshed with newer flooring and a stainless steel dishwasher, the cabinets and some appliances retain an older style. One of the main bathrooms is notably dated with original-style pink tiles and fixtures, suggesting it has not been recently renovated. However, the overall property is well-maintained, and the critical infrastructure is sound, making it move-in ready. The dated cosmetic elements in the main house's kitchen and one bathroom are offset by the extensive system upgrades and the modern ADU, preventing a 'Fair' rating, as major components are functional and within their expected lifespan.
Year Built
1939
Close
-
List price
$2.29M
Original List price
$2.69M
Price/Sqft
$983
HOA
-
Days on market
-
Sold On
-
MLS number
BB25059365
Home ConditionGood
Features
Patio
ViewCity Lights,Neighborhood

About this home

This charming 3-bedroom, 3-bathroom home is being offered for the first time since 1962, presenting a rare opportunity to own a well-maintained property in a highly desirable neighborhood. Situated on a spacious 10,639 sq. ft. lot with an 80-foot frontage, the home features a fully permitted ADU, providing excellent potential for rental income, extended family living, or a private guest space. Recent upgrades to the A/C, windows, doors, electrical, and plumbing ensure modern comfort and efficiency while preserving the home’s original character. A standout feature of the property is its two adjoined garages, detached from the main house, offering ample parking, storage, or potential for further development. The beautifully landscaped front and backyard are adorned with mature fruit trees, including orange, grapefruit, lemon, and avocado, creating a peaceful and lush setting. Located just three blocks from John Burroughs High School, five blocks from Dolores Huerta Middle School, and three blocks from Disney Elementary School, this home is ideally positioned near top-rated schools, parks, and local amenities. Whether you're looking for a spacious family home or a property with additional income potential, this residence offers both versatility and value in a prime location.

Condition Rating
Good

Despite being built in 1939, the property benefits from recent significant upgrades to major systems including A/C, windows, doors, electrical, and plumbing, ensuring modern comfort and efficiency. The property also features a fully permitted ADU with a modern kitchen and bathroom, which is in excellent condition. While the main house's kitchen has been refreshed with newer flooring and a stainless steel dishwasher, the cabinets and some appliances retain an older style. One of the main bathrooms is notably dated with original-style pink tiles and fixtures, suggesting it has not been recently renovated. However, the overall property is well-maintained, and the critical infrastructure is sound, making it move-in ready. The dated cosmetic elements in the main house's kitchen and one bathroom are offset by the extensive system upgrades and the modern ADU, preventing a 'Fair' rating, as major components are functional and within their expected lifespan.
Pros & Cons

Pros

Income Potential & Versatility: The property features a fully permitted Accessory Dwelling Unit (ADU), offering excellent potential for rental income, extended family living, or a private guest space, significantly enhancing its value and appeal.
Prime Location & School District: Situated in a highly desirable Burbank neighborhood, the home is ideally positioned within blocks of top-rated schools (John Burroughs High, Dolores Huerta Middle, Disney Elementary), parks, and local amenities, making it attractive to families.
Extensive Recent Upgrades: Recent upgrades to the A/C, windows, doors, electrical, and plumbing ensure modern comfort and efficiency, reducing immediate maintenance concerns for a new owner while preserving the home’s original character.
Spacious Lot & Outdoor Amenities: A generous 10,639 sq. ft. lot with an 80-foot frontage, beautifully landscaped front and backyard, and mature fruit trees (orange, grapefruit, lemon, avocado) create a peaceful, lush setting and ample outdoor living space.
Ample Parking & Development Potential: The property includes two adjoined garages, detached from the main house, providing ample parking and storage, with potential for further development or conversion.

Cons

Significant Price Reductions: The property has undergone multiple price reductions, from an original list price of $2.695M down to $2.295M, which may indicate initial overpricing or market resistance at previous price points.
Property Type Discrepancy: The listing's 'sub_type' is specified as 'Townhouse,' which contradicts the description of a standalone 'home' on a spacious lot with detached garages, potentially causing confusion for buyers and misrepresenting the property type.
Age-Related Considerations: Despite recent upgrades to major systems, the home's 1939 build year may still present potential buyers with concerns about unseen maintenance, older architectural styles, or layouts that might not align with all contemporary preferences.

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