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311 N Lomita Street, Burbank, California 91506, Burbank, 91506 - 5 bed, 5 bath

311 N Lomita Street, Burbank, California 91506 home-pic-0
ACTIVE UNDER CONTRACT$1,550,000
311 N Lomita Street, Burbank, California 91506
5Beds
5Baths
2,161Sqft
6,766Lot

Price Vs. Estimate

The estimated value ($1,550,000) is $0 (0%) lower than the list price ($1,550,000). This property may be overpriced.

Key pros and cons

Top Pros:
Modern ADU with Income Potential: The property features a 1,000 sq. ft. remodeled ADU with its own entrance and privacy, offering excellent opportunities for multi-generational living or rental income.
Top Cons:
Age of Main House: The main house was built in 1938, and while updated, potential buyers may have concerns about older infrastructure not explicitly mentioned as upgraded.

Compared to the nearby listings

Price:$1.55M vs avg $1.35M (+$199,500)73%
Size:2,161 sqft vs avg 1,605 sqft76%
Price/sqft:$717 vs avg $85227%

More Insights

Built in 1938 (87 years old).
Condition: The property, built in 1938, has undergone extensive modern renovations, particularly evident in the ADU which appears nearly new with contemporary finishes, recessed lighting, and a mini-split AC unit. The main house features a modern kitchen with quartz countertops, stainless steel appliances, and shaker cabinets, along with updated vinyl wood-style flooring throughout. While one bathroom in the main house is fully updated, another retains an older pedestal sink and tile, and the kitchen flooring is a slightly dated ceramic tile. The description mentions ceiling fans in the main house, but not central AC, which is a minor drawback in Burbank's climate. Overall, the property is move-in ready with significant recent updates, but some elements prevent it from being classified as 'Excellent' due to the age of the original structure and some less-than-brand-new finishes in parts of the main house.
Year Built
1938
Close
-
List price
$1.55M
Original List price
$1.8M
Price/Sqft
$717
HOA
-
Days on market
-
Sold On
-
MLS number
SR25226263
Home ConditionGood
Features
ViewNeighborhood

About this home

Welcome to this beautifully updated single-family home with a modern ADU in the heart of Burbank. This property offers a total of 5 bedrooms, 5 bathrooms, and 2,161 sq. ft. of living space on a 6,766 sq. ft. lot, making it a perfect opportunity for multi-generational living, rental income, or flexible use. The main house features 3 bedrooms and 2 bathrooms across 1,161 sq. ft. of thoughtfully designed space. Highlights include an open floor plan, vinyl wood-style flooring, quartz countertops, stainless steel appliances, and ceiling fans that add comfort and style throughout. The remodeled ADU offers an impressive 2 bedrooms, 2.5 bathrooms, and 1,000 sq. ft. of modern living, complete with its own entrance and privacy. Equipped with new, paid-off solar panels, this home is both energy-efficient and move-in ready. Located in a desirable Burbank neighborhood, close to shopping, dining, studios, and top-rated schools, this versatile property is a rare find.

Condition Rating
Good
The property, built in 1938, has undergone extensive modern renovations, particularly evident in the ADU which appears nearly new with contemporary finishes, recessed lighting, and a mini-split AC unit. The main house features a modern kitchen with quartz countertops, stainless steel appliances, and shaker cabinets, along with updated vinyl wood-style flooring throughout. While one bathroom in the main house is fully updated, another retains an older pedestal sink and tile, and the kitchen flooring is a slightly dated ceramic tile. The description mentions ceiling fans in the main house, but not central AC, which is a minor drawback in Burbank's climate. Overall, the property is move-in ready with significant recent updates, but some elements prevent it from being classified as 'Excellent' due to the age of the original structure and some less-than-brand-new finishes in parts of the main house.
Pros & Cons

Pros

Modern ADU with Income Potential: The property features a 1,000 sq. ft. remodeled ADU with its own entrance and privacy, offering excellent opportunities for multi-generational living or rental income.
Energy Efficiency: The ADU is equipped with new, paid-off solar panels, enhancing energy efficiency and reducing utility costs.
Desirable Burbank Location: Located in a sought-after Burbank neighborhood, providing convenient access to shopping, dining, major studios, and top-rated schools.
Extensive Updates & Modern Finishes: Both the main house and ADU boast modern updates including vinyl wood-style flooring, quartz countertops, stainless steel appliances, and thoughtful design.
High Bedroom/Bathroom Count: With a total of 5 bedrooms and 5 bathrooms, the property offers ample space and convenience for a large family or multiple occupants.

Cons

Age of Main House: The main house was built in 1938, and while updated, potential buyers may have concerns about older infrastructure not explicitly mentioned as upgraded.
Lack of Central Cooling System Mentioned: The description only highlights ceiling fans in the main house, suggesting a potential absence of central air conditioning, which could be a drawback in Burbank's climate.
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $1.8M to $1.55M, which could indicate initial overpricing or market perception challenges.

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