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

250 N First, Burbank, California 91502 home-pic-0

250 N First

Burbank, California 91502

ACTIVE
CONDITION: GOOD
1Beds
1Baths
630Sq Ft
84,242Lot Size

Property Price

LIST PRICE$297,700

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

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.02.0
25%
Baths1.01.5
50%
Square foot630985
25%
Lot Size84,24284,242
50%
Price$297.7K$707.5K
25%
Price per sq ft$473$660
25%
Built year20072007
50%
HOA$539.5$565
50%
Days on market31179
25%

Pricing History

Listed for Sale

Feb 3, 2026

$297,700

Initial Listing

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