
Burbank, California 91506
This Spacious Traditional Home represents a Hybrid Value Opportunity, currently listed at $1,400,000, which sits slightly above the $1,369,731 Fair Market Value. While the property requires modernization due to its Fair Condition Rating, the Detached Back Unit and 6,746-square-foot lot provide significant potential for value-add improvements. Located in the Burbank Unified school district, this property offers a rare combination of residential privacy and proximity to major studios. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in a prime Burbank neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 331 N Reese Subject | $1,400,000* List Price | 3 | 2 | 1,921 | $713 | - |
A 532 N Reese Sold | $1,025,000 | 3 | 2 | 1,701 | $603 | 0.3 mi |
B 504 N Reese Place Sold | $1,459,000 | 3 | 2 | 1,570 | $929 | 0.2 mi |
C 835 N Lincoln Street Sold | $1,425,000 | 3 | 2 | 1,898 | $751 | 0.6 mi |
D 510 S Sparks Sold | $1,440,000 | 3 | 2 | 2,021 | $713 | 0.8 mi |
E 523 N Lamer Street Sold | $1,750,000 | 4 | 3 | 2,012 | $870 | 0.3 mi |
F 640 S Parish Street Sold | $1,460,000 | 3 | 2 | 1,636 | $892 | 1.0 mi |
G 321 S Griffith Park Drive Sold | $1,160,000 | 2 | 1 | 1,467 | $791 | 0.4 mi |
H 517 S Griffith Park Sold | $1,680,000 | 3 | 3 | 1,925 | $873 | 0.7 mi |
I 324 N Brighton Street Active Under Contract | $1,299,992 List Price | 3 | 3 | 1,788 | $727 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, the home is well-maintained but significantly dated, featuring 1970s-style wood paneling and older carpeting. While it includes central HVAC, the interior finishes and fixtures are well over 20 years old and require modernization to meet current market standards.
The property features a detached back house that offers exceptional flexibility for multigenerational living, a private home office, or a creative studio, significantly increasing the home's utility and value.
Situated on a quiet residential street in a highly sought-after neighborhood, the home provides convenient access to major film studios, top-rated schools, and popular shopping and dining hubs.
With over 1,900 square feet of living space and central air conditioning, the main home offers a functional and comfortable layout that is larger than many traditional 1940s builds in the area.
The listing price was recently increased from $1.3M to $1.4M after 29 days on the market, which may create friction with buyers sensitive to current market valuations and trends.
Built in 1940 and utilizing digitally enhanced marketing photos, the property likely requires cosmetic updates or system modernizations to align with the expectations of a $1.4M price point.
Exceptional opportunity meets timeless charm. Perfectly situated on a quiet residential street in one of Burbank's desirable neighborhoods, this inviting property offers versatility, comfort, and incredible potential. With a spacious main residence, a detached back house, and a generously sized lot, this is a rare opportunity to own a property that accommodates a variety of lifestyles and future possibilities. The main home features 3 bedrooms and 2 bathrooms across approximately 1,921 square feet of living space, thoughtfully designed with a warm, traditional feel and a functional layout. Bright and inviting living areas create the perfect setting for everyday living and entertaining, while the cozy fireplace serves as a beautiful centerpiece, adding warmth and character to the home. Central air conditioning provides year-round comfort, making every season enjoyable. One of the property's most exciting features is the detached back unit, offering exceptional flexibility. Whether utilized as a guest house, private office, creative studio, workout space, or for multigenerational living (subject to buyer verification and local regulations), it adds tremendous value and endless possibilities. Set on a 6,746-square-foot lot, the expansive backyard is a true highlight. The outdoor space offers plenty of room for entertaining, gardening, creating a custom outdoor retreat, or simply enjoying Southern California's beautiful weather. The 2-car garage provides secure parking along with additional storage space, further enhancing the home's functionality. Located in the heart of Burbank, this property places you just minutes from highly regarded schools, neighborhood parks, popular restaurants, shopping centers, entertainment, and everyday conveniences, while still offering the peace and privacy of a quiet residential street. Its central location provides easy access to major studios, employment centers, freeways, and all that the surrounding area has to offer. Ideal for owner-occupants seeking flexibility, space, and long-term value, this property presents an exceptional opportunity in one of the San Fernando Valley's most sought-after communities. Some photos have been digitally enhanced.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,921 | 1,601.762 |
| Lot Size | 6,746 | 6,628.752 |
| Price | $1.40M | $1.31M |
| Price per sq ft | $729 | $879 |
| Built year | 1940 | 1944 |
| HOA | $0 | $0 |
| Days on market | 35 | 44 |
Sep 3, 2026
$1,400,000
Initial Listing
Aug 5, 2026
$1,300,000
Initial Listing