345 S Beachwood Drive, Burbank, California 91506, Burbank, 91506 - 5 bed, 3 bath
345 S Beachwood Drive
Burbank, California 91506
Property Price
SUMMARY
Analysis of 345 S Beachwood Drive, Burbank, California 91506 reveals a property with a current list price of $1,495,000, which is 9% above the estimated $1,364,295 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 345 S Beachwood Drive Subject | $1,495,000* List Price | 5 | 3 | 2,750 | $496 | - |
A 335 S Parish Place Sold | $1,200,000 | 3 | 3 | 2,622 | $458 | 0.2 mi |
B 417 S Glenwood Pl. Active Under Contract | $1,499,999 List Price | 5 | 3 | 2,306 | $650 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1938, this property is functional and move-in ready due to recent cosmetic updates including fresh paint and new carpeting. However, the listing explicitly highlights the need for 'vision' and 'modernization,' indicating that the kitchen, bathrooms, and major systems are likely dated and have not undergone a comprehensive renovation in recent decades. It fits the 'fair' criteria as an aged home maintained through regular upkeep but requiring significant updates to meet modern luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Burbank Location
Situated on a desirable tree-lined street near major studios, top-rated schools, and dining, this property offers exceptional long-term value in a high-demand neighborhood.
- Substantial Living Space
Boasting 5 bedrooms and 2,750 square feet, this home provides a rare amount of interior space for the area, making it ideal for large families or multi-generational living.
- Value-Add Potential
With fresh paint and new upstairs carpet providing a clean baseline, the property serves as a perfect 'blank canvas' for investors or homeowners looking to build equity through custom renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2750, other record living area = 2624. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Significant Modernization Needed
As a 1938 build marketed for its 'potential,' the home likely requires substantial capital investment to update major systems and finishes to meet modern luxury standards.
- Limited Lot-to-House Ratio
The large 2,750 square foot footprint on a 6,051 square foot lot may result in a more constrained outdoor area compared to other homes of this size in the suburban Burbank market.
About 345 S Beachwood Drive
Bring your vision and unlock the potential! This spacious home offers an incredible opportunity to create your dream home in one of Burbank’s most desirable neighborhoods. The interior has been freshly painted and features brand-new carpet upstairs, providing a clean, move-in-ready starting point for your updates and personal touches. With a functional layout, generously sized rooms, and a private backyard, the possibilities are endless. Situated on a beautiful tree-lined street and just minutes from studios, parks, shopping, dining, and top-rated Burbank schools, this is your chance to invest and add value in a prime location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 6,051 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 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 | 5.0 | 3.0 | 90% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 2,750 | 1,611 | 87% |
| Lot Size | 6,051 | 6,750 | 21% |
| Price | $1.50M | $1.39M | 65% |
| Price per sq ft | $544 | $843 | 6% |
| Built year | 1938 | 1940 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 163 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,495,000
Initial Listing