340 S Lomita Street, Burbank, California 91506, Burbank, 91506 - 3 bed, 1 bath
340 S Lomita Street
Burbank, California 91506
Property Price
SUMMARY
Analysis of 340 S Lomita Street, Burbank, California 91506 reveals a Fairly Priced Property with a current list price of $999,888 aligned with the estimated $1,025,508 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 340 S Lomita Street Subject | $999,888* List Price | 3 | 1 | 1,201 | $854 | - |
A 408 S Sparks Street Sold | $1,070,000 | 3 | 2 | 1,279 | $837 | 0.4 mi |
B 320 S Glenwood Place Sold | $882,000 | 2 | 1 | 832 | $1,060 | 0.2 mi |
C 435 S Mariposa Street Sold | $1,050,000 | 2 | 2 | 1,663 | $631 | 0.2 mi |
D 338 N Mariposa Sold | $970,000 | 2 | 2 | 940 | $1,032 | 0.6 mi |
E 427 S Orchard Pending | $999,900 List Price | 2 | 2 | 1,473 | $679 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
This 1944-built home is explicitly marketed as a 'fixer and flip opportunity' requiring substantial rehabilitation. The kitchen and bathroom are highly outdated with original-style tiling and cabinetry, and the property lacks modern HVAC systems, utilizing older wall heaters. While the structure appears intact, the interior requires a complete overhaul of all major surfaces, fixtures, and systems to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7143, living area = 1201.
- Prime Location
Situated in the highly desirable Burbank Rancho Adjacent area, the property offers close proximity to Disney Studios, the LA Equestrian Center, and top-rated schools.
- Expansion Potential
The generous 7,141 sq ft lot and detached 2-car garage provide a significant footprint for potential additions, an ADU, or a complete outdoor reimagining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Significant Renovation Required
The property is in need of extensive TLC and modernization, which will require a substantial additional investment in time and capital.
- Limited Bathroom Count
The current 3-bedroom, 1-bathroom configuration is considered undersized for modern market expectations and may necessitate a layout reconfiguration.
About 340 S Lomita Street
Burbank living at its finest! Nestled on a peaceful, tree-lined street in the highly desirable Burbank Rancho Adjacent, this classic 3-bedroom, 1-bath home presents an exceptional fixer and flip opportunity for investors or end-users ready to create something special. Situated on a generous 7,141 sq ft lot, the 1,201 sq ft residence offers endless potential to renovate, reimagine, or expand. The home features a functional floor plan, a detached 2-car garage, and ample outdoor space ideal for future enhancements. While the property is in need of TLC, it provides a rare chance to add value in one of Burbank's most sought-after neighborhoods. Enjoy close proximity to top-rated schools, St. John's Medical Center, the LA Equestrian Center, Griffith Park, Disney Studios, and an array of local shops and eateries. This is a prime opportunity to restore a classic home and unlock its full potential in an unbeatable location. 340 S Lomita St bring your vision, your contractor, and your imagination.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 7,143 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,201 | 1,581.5 | 17% |
| Lot Size | 7,143 | 6,750.5 | 79% |
| Price | $999.9K | $1.38M | 10% |
| Price per sq ft | $833 | $843 | 48% |
| Built year | 1944 | 1940 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 164 | 4% |
Pricing History
Listed for Sale
Jan 28, 2026
$999,888
Initial Listing