250 N First, Burbank, California 91502, Burbank, 91502 - 1 bed, 1 bath

250 N First
Burbank, California 91502
Property Price
SUMMARY
Analysis of 250 N First, Burbank, California 91502 is currently available with a list price of $297,700. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2007, this property fits the 10-20 year age bracket for a 'good' rating. The unit is move-in ready with a modern kitchen featuring granite countertops and stainless steel appliances. Major systems like central A/C and heat are functional, and the overall interior shows well-maintained flooring and fixtures with minimal wear and tear.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of downtown Burbank, this property offers exceptional walkability to premier shopping, dining, theaters, and nightlife, providing a vibrant lifestyle.
- Comprehensive Amenities
The community features high-end amenities including a pool, gym, clubhouse, and BBQ areas, with an HOA that conveniently covers gas, water, trash, and DirecTV.
- Modern Unit Features
Built in 2007, the condo includes essential modern conveniences such as central A/C and heat, in-unit laundry hookups, and two assigned garage parking spaces with storage.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility
The property is limited to first-time homebuyers and owner-occupants who meet strict City of Burbank moderate-income and household size requirements, significantly narrowing the buyer pool.
- Limited Appreciation Potential
As a city-regulated housing opportunity, the purchase and resale prices are determined by the City based on income levels, which restricts traditional market-rate equity growth.
About 250 N First
The Burbank Collection-Moderate Income Housing Opportunity (Income Verification Required). Ideally located in the heart of downtown Burbank, just steps to shops, cafés, theaters, and nightlife. This approx. 630 sq. ft. light-filled condo features an open layout, central A/C and heat, laundry hookups, 2 assigned garage tandem parking with storage, and patio access to one of three landscaped courtyards. Community amenities include a gym, pool, club house, BBQ. HOA covers basic DirecTV, water, trash, and gas. Buyer eligibility required through the City of Burbank: household size limited to three (3) persons with income limits as follows—1person: $84,850–$89,550; 2persons: $96,950–$102,300; 3persons: $109,050–$115,100 (income includes all occupants). Final purchase price is determined by the City based on the qualified buyer’s actual income level. A minimum 5% down payment is required. First-time homebuyer and owner-occupant only. Information deemed reliable but not guaranteed.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 84,242 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $539.5 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 25% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 630 | 985 | 25% |
| Lot Size | 84,242 | 84,242 | 50% |
| Price | $297.7K | $707.5K | 25% |
| Price per sq ft | $473 | $660 | 25% |
| Built year | 2007 | 2007 | 50% |
| HOA | $539.5 | $565 | 50% |
| Days on market | 31 | 179 | 25% |
Pricing History
Listed for Sale
Feb 3, 2026
$297,700
Initial Listing










