3050 N Lamer, Burbank, California 91504, Burbank, 91504 - 3 bed, 3 bath

3050 N Lamer, Burbank, California 91504 home-pic-0
ACTIVE$1,499,000$1,947/sqft
Est. Value: $1,682,980
12%
BelowEstimate
3050 N Lamer, Burbank, California 91504
3Beds
3Baths
1,947Sqft
11,209Lot

Price Vs. Estimate

The estimated value ($1,682,980.255) is $183,980.255 (12%) higher than the list price ($1,499,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11209, living area = 1947.
Top Cons:
Assumable Solar Lease: The buyer is required to assume an existing solar lease, representing an ongoing financial commitment rather than outright ownership of the solar system.

Compared to the nearby listings

Price:$1.50M vs avg $1.43M (+$71,500)60%
Size:1,947 sqft vs avg 1,788.5 sqft65%
Price/sqft:$770 vs avg $82438%

More Insights

Built in 1959 (67 years old).
Condition: Built in 1959, this property has been well-maintained and offers charming original features like wood-beamed ceilings and a brick fireplace. However, the kitchen, while functional, features dated tile countertops, older white wall ovens, and light wood cabinetry that suggests a renovation 15-30 years ago. The primary bathroom also shows signs of an older renovation with its tile vanity and backsplash. The third bathroom, particularly with its pink and blue tiled shower, is significantly outdated. While move-in ready, the property requires minor updates to bring the kitchen and bathrooms to current aesthetic and functional standards, aligning it with the 'Fair' condition criteria.
Year Built
1959
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$770
HOA
-
Days on market
-
Sold On
-
MLS number
BB26009822
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood, Panoramic
Pool
Patio
ViewMountain(s), Neighborhood, Panoramic

About this home

Opportunities like this are rare—properties with this level of character, flexibility, and setting don’t come along often. This special home offers three generously sized bedrooms and three bathrooms, plus a permitted shop converted into additional living space (buyer to verify all uses). Original wood-beamed ceilings add warmth and charm, complementing the open-concept floor plan and a cook’s kitchen that looks out to the lush, shady hillside. Step outside onto the sizeable porch and enjoy the view of the sparkling pool with space for a grassy area or easy, low-maintenance landscaping—ideal for both entertaining and everyday enjoyment. Two bedrooms are ensuite, including a spacious primary suite with sweeping city views. The second ensuite is full of character, featuring a charming clawfoot bathtub and direct access to the pool area. The sunken living room is generously sized for large gatherings yet feels cozy and intimate, anchored by a welcoming fireplace. A large picture window frames hillside views and floods the space with natural light. A separate family room with indoor/outdoor access includes an adjacent dining area perfect for both lively celebrations and relaxed family dinners. The kitchen island’s breakfast counter invites casual mornings or unwinding with a glass of wine after work, while French doors showcase lovely afternoon views of the backyard. A well-built shed on the side of the property offers endless possibilities—studio, workshop, storage, or creative retreat. The home’s elevated setting provides multiple options and added appeal, and the property includes two APN numbers, offering additional flexibility. A solar lease is in place and must be assumed by the buyer. A truly distinctive property combining character, versatility, and indoor/outdoor living—this is one not to miss.

G
Gigi Santoro-Robbins
Listing Agent

Nearby schools

7/10
Thomas Jefferson Elementary School
Public,K-51.2mi
4/10
Glenwood Elementary School
Public,K-51.5mi
4/10
Vinedale Elementary School
Public,K-51.9mi
8/10
John Muir Middle School
Public,6-81.7mi
8/10
Burbank High School
Public,9-122.0mi
5/10
Sun Valley Engineering And Technology Magnet
Public,6-122.7mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,7-122.7mi
3/10
Sun Valley High School
Public,9-124.0mi
Condition Rating
Fair

Built in 1959, this property has been well-maintained and offers charming original features like wood-beamed ceilings and a brick fireplace. However, the kitchen, while functional, features dated tile countertops, older white wall ovens, and light wood cabinetry that suggests a renovation 15-30 years ago. The primary bathroom also shows signs of an older renovation with its tile vanity and backsplash. The third bathroom, particularly with its pink and blue tiled shower, is significantly outdated. While move-in ready, the property requires minor updates to bring the kitchen and bathrooms to current aesthetic and functional standards, aligning it with the 'Fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11209, living area = 1947.
Exceptional Versatility & Flex Space: The property boasts a permitted shop converted into additional living space and a well-built shed, offering diverse possibilities for studios, workshops, or creative retreats.
Distinctive Architectural Character: Features like original wood-beamed ceilings, an open-concept floor plan, and a sunken living room provide unique charm and warmth, enhancing the home's appeal.
Seamless Indoor/Outdoor Living: A sizeable porch, sparkling pool, and a family room with direct outdoor access create an ideal environment for entertaining and relaxation, leveraging the elevated setting.
Spacious & Well-Appointed Interiors: Offers three generously sized bedrooms and three bathrooms, including two ensuites (one with sweeping city views), and a functional cook's kitchen.
Enhanced Property Flexibility: The inclusion of two APN numbers provides significant potential for future development, subdivision, or increased property value.

Cons

Assumable Solar Lease: The buyer is required to assume an existing solar lease, representing an ongoing financial commitment rather than outright ownership of the solar system.
Unverified Converted Space: The description notes a 'permitted shop converted into additional living space' but requires the 'buyer to verify all uses,' indicating potential due diligence or uncertainty regarding its legal classification or functionality.
Lack of Explicit Cooling System: The property description does not explicitly mention a cooling system, which could be a significant drawback during warmer months in Burbank.
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