523 E Fairmount, Burbank, California 91501, Burbank, 91501 - 4 bed, 5 bath
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Burbank, California 91501
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $2,380,000—positioned well below the $2,475,788 Fair Market Value by 3%. This valuation gap offers $95,788 in Instant Equity. Featuring a Condition Rating of 2, the home boasts a gourmet kitchen, private balcony hot tub, and a tenant-occupied ADU. Located in the Burbank Unified district, this property balances luxury living with supplemental income. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, income-generating hillside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 E Fairmount Subject | $2,380,000* List Price | 4 | 5 | 3,354 | $738 | - |
A 1075 E Tujunga Avenue Sold | $2,745,000 | 5 | 4 | 3,992 | $688 | 1.0 mi |
B 1025 E San Jose Avenue Active | $2,700,000 List Price | 6 | 6 | 4,481 | $603 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1940, the property has undergone a comprehensive, high-end renovation within the last 5 years. The interior features a gourmet kitchen with modern glossy cabinetry and stone waterfall counters, designer bathrooms with floating vanities, and updated systems including a central vacuum, water filtration, and security system, all in mint condition.
The property features a thoughtfully designed, tenant-occupied ADU that provides immediate supplemental income or flexible living arrangements without compromising the privacy of the main residence.
Equipped with high-end functional amenities including a central water filtration system, central vacuum, security system, and a luxurious primary suite featuring a private balcony with a hot tub.
Situated in the desirable Burbank Hillside, the home offers a tranquil setting with city light and mountain views while remaining close to top-rated schools and major shopping hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3354, other record living area = 2854.
Originally built in 1940, the property may present higher long-term maintenance requirements for its underlying infrastructure compared to more contemporary constructions.
The existing tenant occupancy in the ADU may limit immediate flexibility for buyers who intend to use the secondary unit for personal use or wish to set their own lease terms.
Nestled in the tranquil Burbank Hillside, this custom-designed 4-bedroom, 5-bath home is a true surprise. From the street, it appears as a single-story haven, but step inside to discover a hidden second level designed for comfort and functionality. A warm family room welcomes you upon entry, flowing seamlessly into a spacious dining area and gourmet kitchen, while the open-concept layout offers exceptional flexibility for both everyday living and entertaining. The home features a luxurious primary suite complete with a private balcony hot tub , beautifully appointed bathrooms with quality finishes and fixtures throughout, a central vacuum system, central water filtration system, security system, and a pristine pool. Adding even more value is a tenant-occupied ADU thoughtfully designed to provide complete privacy for both the main residence and the ADU occupants, making it ideal for supplemental income or extended living arrangements without compromising comfort or privacy. Conveniently located near top-rated schools, major shopping, and easy freeway access, this meticulously upgraded property blends convenience, sophistication, and versatility, a rare gem you truly must see for yourself.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 5.0 | 2.0 | 77% |
| Square foot | 3,354 | 1,739 | 77% |
| Lot Size | 8,448 | 7,751 | 58% |
| Price | $2.38M | $1.51M | 77% |
| Price per sq ft | $710 | $814 | 19% |
| Built year | 1940 | 1940 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 137 | 12% |
May 28, 2026
$2,380,000
Initial Listing
Feb 26, 2014
$630,000
Public Record