482 E Santa Anita Avenue, Burbank, California 91501, Burbank, 91501 - 3 bed, 2 bath
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Burbank, California 91501
This property presents a High-Potential Investment Opportunity with a List Price of $895,000—positioned above the $783,837 Fair Market Value. While the property requires significant capital expenditure due to its Poor Condition Rating, the R4-zoned lot provides rare development potential for up to four residential units. This asset is strictly for cash buyers capable of executing a total redevelopment in a prime Burbank location. This is a high-stakes acquisition ideal for Real Estate Developers or Experienced Investors seeking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 482 E Santa Anita Avenue Subject | $895,000* List Price | 3 | 2 | 1,304 | $601 | - |
A 482 E Santa Anita Avenue Sold | $675,000 | 3 | 2 | 1,304 | $518 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1923 with no evidence of renovation, this property is explicitly marketed as a 'major fixer' and development opportunity for multi-unit construction. The image shows severe structural neglect, including a collapsing roof and significant exterior deterioration, making it unlivable and primarily valuable for its R4-zoned land.
The R4 zoning provides a rare opportunity to develop up to four residential units on a single lot, significantly maximizing the property's long-term value and income potential.
Situated in a highly desirable neighborhood above Glenoaks, the property benefits from strong market demand, excellent school districts, and proximity to major entertainment studios.
As a major fixer on a versatile lot, this property offers investors and developers a blank canvas to capitalize on the area's high resale values through a complete redevelopment.
The property was recently sold within the past year on 2026-03-05. The sold price is $675,000.00.
The existing 1923 structure is a major fixer, likely requiring a total teardown or extensive capital expenditure to make it habitable or marketable.
The requirement for cash-only offers significantly limits the pool of potential buyers by excluding those who rely on traditional mortgage financing or renovation loans.
Opportunity is knocking! Major fixer opportunity above Glenoaks with incredible development potential. The existing home offers 1,304 SF and sits on an R4-zoned lot. According to the City of Burbank, the property may allow for the construction of four 2-bedroom units — including two single-story units and two two-story units (buyer to verify with the city). A rare chance for investors, developers, or owner-users looking to maximize value in a highly desirable location. Cash offers only
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,304 | 1,609 | 30% |
| Lot Size | 5,798 | 7,752 | 13% |
| Price | $895.0K | $1.45M | 13% |
| Price per sq ft | $686 | $802 | 13% |
| Built year | 1923 | 1938 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 134 | 9% |
May 28, 2026
$895,000
Initial Listing
Mar 5, 2026
$675,000
Public Record