
Burbank, California 91501
This Condominium Asset represents a High-Potential Investment Opportunity, listed at a List Price of $690,000—positioned well below the $711,746 Fair Market Value by 3%. This valuation gap offers $21,746 in Instant Equity. While the property holds a Condition Rating of 4, requiring cosmetic updates to modernize dated interiors, its prime Burbank location and low HOA dues ensure long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 431 E Verdugo G Subject | $690,000* List Price | 2 | 3 | 1,232 | $578 | - |
A 456 E San Jose L Sold | $650,000 | 2 | 2 | 1,131 | $575 | 0.5 mi |
B 527 E Cypress Avenue C Sold | $780,000 | 2 | 3 | 1,259 | $620 | 0.6 mi |
C 436 E Palm Avenue 301 Sold | $640,000 | 2 | 2 | 1,016 | $630 | 0.3 mi |
D 437 E Palm 308 Sold | $580,000 | 1 | 2 | 900 | $644 | 0.4 mi |
E 435 E Valencia Ave 201 Sold | $715,000 | 2 | 2 | 1,145 | $624 | 0.4 mi |
F 645 E Magnolia Boulevard E Sold | $805,000 | 3 | 3 | 1,562 | $515 | 0.5 mi |
G 557 E Verdugo Avenue M Active | $660,000 List Price | 2 | 3 | 1,229 | $537 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is over 40 years old and shows a mix of conditions. While it features newer laminate flooring in the living area, it retains dated elements including popcorn ceilings, original or older kitchen and wet bar cabinetry, and worn bedroom carpeting that require updating.
Opportunity to own a spacious 2-bedroom, 2.5-bath condo in an intimate 8-unit community in the heart of Burbank. Offering 1,232 square feet of comfortable living space, this home combines privacy, convenience, and exceptional value with low HOA dues of just $300 per month. Inside, you'll find a bright and inviting layout featuring warm flooring, a cozy fireplace, and an open living and dining area designed for both everyday living and entertaining. Additional highlights include two assigned parking spaces in a secure underground garage and a private storage area conveniently located nearby. Buyers will appreciate the financing flexibility, as the condominium is eligible for conventional financing, including Fannie Mae and Freddie Mac programs. Additional financing options may be available through lenders offering condo approval review processes for qualified buyers. Buyers are encouraged to verify all financing options with their lender. Seller may consider contributing toward buyer closing costs, prepaid expenses, or interest rate reduction programs, subject to offer terms and seller approval. This presents an excellent opportunity for qualified buyers seeking affordability and long-term value in one of Burbank's most desirable communities. Additional highlights include two assigned parking spaces positioned at the rear of the secure underground garage, providing convenient access directly to the unit through the back entrance of the complex. A private storage area located adjacent to the parking spaces adds even more functionality and convenience for everyday living. Ideally situated near DeBell Golf Club, shopping, dining, entertainment, and major commuter routes, this location offers easy access to everything Burbank has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,232 | 1,144 |
| Lot Size | 7,231 | 23,554.5 |
| Price | $690.0K | $712.4K |
| Price per sq ft | $560 | $595 |
| Built year | 1980 | 1983 |
| HOA | $300.0 | $430 |
| Days on market | 29 | 54 |
Jun 23, 2026
$690,000
Initial Listing
Nov 17, 2022
$564,000
Public Record