
Burbank, California 91506
This Magnolia Park Single Family Residence is a Strong Value Opportunity, listed at $1,184,888—positioned well below the $1,233,580 Fair Market Value by 3%. This valuation gap offers $48,692 in Instant Equity. Featuring a Condition Rating of 3, the home includes significant infrastructure upgrades like a new HVAC and sewer line. The versatile 275 sq. ft. detached studio provides exceptional flex-space potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-maintained home in a prime Burbank location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 504 N Reese Place Subject | $1,184,888* List Price | 3 | 2 | 1,570 | $786 | - |
A 532 N Reese Sold | $1,025,000 | 3 | 2 | 1,701 | $603 | 0.1 mi |
B 405 N Beachwood Sold | $1,520,000 | 3 | 2 | 1,629 | $933 | 0.1 mi |
C 401 S Orchard Drive Sold | $1,325,000 | 3 | 2 | 1,422 | $932 | 0.8 mi |
D 835 N Lincoln Street Sold | $1,425,000 | 3 | 2 | 1,898 | $751 | 0.5 mi |
E 901 N Reese Sold | $1,350,000 | 3 | 2 | 1,550 | $871 | 0.5 mi |
F 649 N Reese Place N Sold | $1,200,000 | 2 | 2 | 1,348 | $890 | 0.2 mi |
G 228 N Beachwood Drive Sold | $1,150,000 | 3 | 1 | 1,178 | $976 | 0.2 mi |
H 240 N Keystone Sold | $965,000 | 2 | 1 | 1,354 | $713 | 0.5 mi |
I 409 S Lamer Street Active | $1,399,000 List Price | 3 | 2 | 1,472 | $950 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1939, the property is well-maintained and move-in ready. It features critical 'recent' system upgrades including a new electrical panel, sewer line, water heater, and central HVAC. The kitchen is functional and well-appointed, though aesthetically dated (approx. 15-20 years), and the bathroom has been refreshed with a modern vanity. The overall maintenance and system updates elevate it above a Fair rating.
The property features a 275 sq. ft. detached studio with its own bathroom and kitchenette, providing an ideal space for a home office, guest suite, or potential ADU conversion.
Situated in one of Burbank's most sought-after neighborhoods, the home offers exceptional proximity to major studios like Disney and Warner Bros., as well as popular dining and shopping.
Key systems have been modernized, including an updated electrical panel, new sewer line, new water heater, and central HVAC, reducing immediate maintenance concerns for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1570, other record living area = 1500. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The main residence contains three bedrooms but only one bathroom, which may be a significant drawback for families or those accustomed to modern convenience.
With only a one-car garage, the property offers limited covered parking and storage compared to the two-car standard typically expected at this price point.
More Than a Home—A Lifestyle! Welcome to this charming Magnolia Park residence offering the perfect blend of comfort, character, and versatility. The main home features 3 bedrooms, 1 beautifully updated bathroom vanity, and approximately 1,570 sq. ft. of living space (taped). Designed with an open-concept floor plan and abundant natural light, the home offers a spacious living room and dining area, along with a separate family room with a cozy fireplace, creating an ideal setting for both entertaining and everyday living. Hardwood floors, plantation shutters, and timeless finishes enhance the home's warm and inviting atmosphere. Adding exceptional value is the approximately 275 sq. ft. detached studio (taped), with its own bathroom and small kitchenette. This versatile space is ideal for a home office, creative studio, gym, guest retreat, or flex space. The well-appointed kitchen features abundant cabinetry, great counter space, and a breakfast bar overlooking the main living areas. Recent improvements include an updated electrical panel, updated sewer line, new water heater, and central heating and air conditioning, providing comfort and peace of mind for years to come. An attached one-car garage plus additional driveway parking adds everyday convenience. Enjoy Southern California living from the inviting front brick porch or entertain year-round in the private backyard featuring a large covered patio, lush landscaping, mature fruit trees, and spacious lawn areas perfect for family gatherings. Ideally located in the highly sought-after Magnolia Park neighborhood, this home is just minutes from Downtown Burbank, Toluca Lake, Warner Bros., Disney, Universal Studios, shopping, fine dining, parks, and convenient transportation, freeway access offering the best of Burbank living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,570 | 1,708 |
| Lot Size | 6,751 | 6,504 |
| Price | $1.18M | $1.31M |
| Price per sq ft | $755 | $856 |
| Built year | 1939 | 1947 |
| HOA | $0 | $0 |
| Days on market | 2 | 50 |
Jul 20, 2026
$1,184,888
Initial Listing
Oct 23, 2017
$830,000
Public Record
Sep 29, 1997
$222,000
Public Record