482 E Santa Anita Avenue, Burbank, California 91501, Burbank, 91501 - 3 bed, 2 bath
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482 E Santa Anita Avenue
Burbank, California 91501
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,304Sq Ft
5,798Lot Size
Property Price
LIST PRICE$894,000
EST. MARKET VALUE
$894,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $894,000, positioned well below the $894,000 Fair Market Value. Featuring an R4-zoned lot with approved plans for a new duplex and two ADUs, this asset offers significant development upside. Despite its Condition Rating of 6 and status as a major fixer, the location within the Burbank Unified School District ensures long-term demand. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors seeking to maximize density in a prime market.
Estimated Market Value
$894,000
Based on Realkey algorithm analyzing recent comparable sales in Burbank.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 482 E Santa Anita Avenue Subject | $894,000* List Price | 3 | 2 | 1,304 | $686 | - |
A 211 S Bel Aire Drive Sold | $1,115,000 | 3 | 1 | 1,279 | $872 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1923 and marketed as a 'major fixer' with a focus on development potential for new units. The requirement for cash-only offers and the inclusion of architectural plans for a complete rebuild indicate the existing structure is likely unlivable and holds value primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The R4-zoned lot offers exceptional investment value, with the potential to construct up to four units, including a new duplex and two ADUs, maximizing the property's income-generating capacity.
- Prime Burbank Location
Situated in a highly desirable neighborhood above Glenoaks, the property benefits from a premium location within the prestigious Burbank Unified School District, ensuring strong long-term demand.
- Value-Add Opportunity
With existing plans already in place for new construction, this property provides a significant head start for developers or investors looking to capitalize on the high demand for multi-family housing in the area.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-03-05. The sold price is $675,000.00.
- Extensive Renovation Needs
Marketed as a major fixer, the property requires substantial capital expenditure and construction expertise to address its current condition and realize its development potential.
- Restricted Financing
The requirement for cash-only offers significantly limits the pool of potential buyers, excluding those who rely on traditional mortgage financing or FHA loans.
About 482 E Santa Anita Avenue
Opportunity is knocking! Major fixer opportunity above Glenoaks with incredible development potential. See attached Plans for 2 NEW ADU's and NEW Duplex. 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. See attached Plans for 2 NEW ADU's and NEW Duplex
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 5,798 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,304 | 1,601.762 |
| Lot Size | 5,798 | 6,628.752 |
| Price | $894.0K | $1.31M |
| Price per sq ft | $686 | $879 |
| Built year | 1923 | 1944 |
| HOA | $0 | $0 |
| Days on market | 104 | 44 |
Pricing History
Listed for Sale
Sep 2, 2026
$894,000
$797,000
+12% Price Increase
Initial Listing
Price Change
Aug 4, 2026
$797,000
$895,000
-11% Price Drop
Initial Listing
Price Change
May 28, 2026
$895,000
Initial Listing
Sold
Mar 5, 2026
$675,000
Public Record