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

517 S Griffith Park, Burbank, California 91506 home-pic-0

517 S Griffith Park

Burbank, California 91506

ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,925Sq Ft
6,775Lot Size

Property Price

LIST PRICE$1,499,900
EST. MARKET VALUE
$1,610,775
6% BelowMARKET VALUE

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

$1,610,775 +$110,875 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Burbank.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
517 S Griffith Park
Subject
$1,499,900*
List Price
331,925$837-
A
405 N Beachwood
Sold
$1,520,000321,629$9330.8 mi
B
530 S Sparks Street
Sold
$1,630,000321,812$9000.2 mi
C
1324 W Morningside
Sold
$1,495,000321,560$9580.5 mi
D
406 S Sparks Street
Sold
$1,489,000322,039$7300.1 mi
E
516 N Brighton
Sold
$1,283,000321,779$7210.9 mi
F
330 N Myers St.
Sold
$1,525,000321,844$8270.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.02.0
67%
Square foot1,9251,611
73%
Lot Size6,7756,750.5
65%
Price$1.50M$1.39M
67%
Price per sq ft$779$843
38%
Built year19381940
40%
HOA$0$0
50%
Days on market8163
2%

Pricing History

Listed for Sale

Feb 26, 2026

$1,499,900

Initial Listing

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