517 S Griffith Park, Burbank, California 91506, Burbank, 91506 - 3 bed, 3 bath

517 S Griffith Park
Burbank, California 91506
Property Price
SUMMARY
Analysis of 517 S Griffith Park, Burbank, California 91506 reveals a Prime Investment Opportunity with a current list price of $1,499,900—significantly undercutting the $1,610,775 Fair Market Value by 6%. This valuation gap indicates a +$110,875 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 517 S Griffith Park Subject | $1,499,900* List Price | 3 | 3 | 1,925 | $837 | - |
A 405 N Beachwood Sold | $1,520,000 | 3 | 2 | 1,629 | $933 | 0.8 mi |
B 530 S Sparks Street Sold | $1,630,000 | 3 | 2 | 1,812 | $900 | 0.2 mi |
C 1324 W Morningside Sold | $1,495,000 | 3 | 2 | 1,560 | $958 | 0.5 mi |
D 406 S Sparks Street Sold | $1,489,000 | 3 | 2 | 2,039 | $730 | 0.1 mi |
E 516 N Brighton Sold | $1,283,000 | 3 | 2 | 1,779 | $721 | 0.9 mi |
F 330 N Myers St. Sold | $1,525,000 | 3 | 2 | 1,844 | $827 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in-ready condition with high-end updates, including a chef's kitchen featuring Viking appliances, double ovens, and multiple sinks. While originally built in 1938, the home has been well-maintained and updated with recently refinished original white oak floors, engineered wood flooring, and a versatile pool house. It presents a high level of quality with functional major systems and premium finishes, though it retains some original character rather than being a total new-build or 5-year gut renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Accessory Spaces
The property includes a dedicated artist studio with specialized north-light glass and a separate one-bedroom pool house, offering exceptional flexibility for rental income, a home office, or guest accommodations.
- Prime Media District Location
Situated in one of Burbank's most prestigious neighborhoods, this home provides high desirability and value stability due to its proximity to major entertainment studios and top-rated schools.
- Chef-Grade Kitchen & Entertaining
The kitchen is a standout feature with Viking appliances, double ovens, and a bonus prep sink, complemented by a large family room with a full wet bar and soaring ceilings perfect for hosting.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure Risks
With an original build date of 1938, the property may have underlying aging systems typical of the era that require more maintenance than modern constructions despite its move-in-ready appearance.
- High Lot Coverage
The combination of the main residence, pool house, and swimming pool on a 6,775 sqft lot leaves limited traditional green space or lawn area for gardening or play.
About 517 S Griffith Park
This Mid-Century home in Burbank's highly desirable Media District, has it all! 3 bedrooms, 2.5 baths, 3 fireplaces. and a large family room set up for entertaining which includes a full wet bar. The soaring ceiling creates an airy, light-filled space looking out on a private backyard retreat, complete with a sparkling pool. The kitchen is designed for both everyday living and entertaining, featuring ample cabinets, a Viking cooktop, two ovens, dual sinks and a bonus prep sink. Original white oak floors were just sanded and stained and flow beautifully with the rest of the home's engineered wood floors. Calling all artists!! This home has a proper studio with huge, high windows that provide north light through specially treated glass to assure natural color when painting or drawing. Stepping outside, you'll find two dining areas, a bathhouse changing room for swimming and a versatile pool house offering exceptional flexibility. Currently configured as a one-bedroom, one-bath space, it's ideal for guests, a home office, creative flex space or a rental unit. The garage has a large workbench for craftsmen or do-it-yourselfers. With its prime location, timeless style, and true move-in-ready condition, this is a rare opportunity to enjoy classic Mid-Century living in one of the city's most desirable neighborhoods. California living at its best..
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 6,775 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,925 | 1,611 | 73% |
| Lot Size | 6,775 | 6,750.5 | 65% |
| Price | $1.50M | $1.39M | 67% |
| Price per sq ft | $779 | $843 | 38% |
| Built year | 1938 | 1940 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 163 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,499,900
Initial Listing
























































