524 N Florence, Burbank, California 91505, Burbank, 91505 - 2 bed, 2 bath
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Burbank, California 91505
This Value-Add Burbank Asset is listed at $1,079,000, representing a strategic acquisition in a high-demand pocket despite a $1,010,468 Fair Market Value. Carrying a Condition Rating of 5, the 1951 residence requires a full-scale renovation to modernize its original kitchen and baths. The expansive 6,757 SqFt Lot features a large rear cement slab, offering significant potential for ADU Development or a custom outdoor sanctuary. Located in the Burbank Unified School District near major studios, this property is a prime project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 524 N Florence Subject | $1,079,000* List Price | 2 | 2 | 1,296 | $780 | - |
A 1333 N Naomi Sold | $1,004,000 | 2 | 1 | 1,214 | $827 | 1.0 mi |
B 356 N Catalina Sold | $1,145,000 | 3 | 2 | 1,295 | $884 | 0.3 mi |
C 315 N Catalina Sold | $880,000 | 4 | 2 | 1,108 | $794 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951, the home features an original kitchen and bathrooms that are over 70 years old. While the property is clean and functional, the lack of modern updates to the primary systems and interior finishes necessitates a full rehab to meet current standards, placing it in the poor category based on age and renovation history.
Situated on one of Burbank’s most desirable streets, this property offers excellent curb appeal with professional California Native drought-tolerant landscaping.
The home preserves its 1951 charm with original hardwood floors, elegant wainscot wall detailing, and large windows that provide abundant natural light.
The generous 6,757 square foot lot features a large rear yard with a cement slab, offering a blank canvas for an ADU, pool, or custom outdoor living space.
The kitchen and bathrooms remain in original condition, which will likely require a significant additional investment for modern upgrades and renovations.
With only two bedrooms at a million-dollar price point, the property may face competition from larger homes or require a layout reconfiguration to suit modern family needs.
Located on one of Burbank’s most desirable streets. This charming home fits right in with its California Native drought tolerant landscaping for the front yard From the moment you walk through the front door you will feel transported to a simpler time, when everyone fell in love with Burbank homes and neighborhoods. Hardwood floors grace most rooms except for kitchen and baths. The living and dining rooms have large windows that offer an abundance of natural light. Charm and Character come to mind with the wainscot detail on the walls and decorative touches on the mantel. Original kitchen has lots of counter space and plenty of cabinets. There are washer and dryer hook ups. The main bath is a full bath with, original ceramic tiles on both the counter and in the shower. Second Bath has walk in shower, Second bedroom with original cabinets also take you back in time. Den has a closet conversion from where the hot water heater was housed. Rear yard is an open canvas large cement slab for your future outdoor living space. Two car garage. Large rear yard with lots of room for your imagination.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,296 | 1,402 | 41% |
| Lot Size | 6,757 | 6,519 | 78% |
| Price | $1.08M | $1.16M | 36% |
| Price per sq ft | $833 | $839 | 47% |
| Built year | 1951 | 1941 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 170 | 1% |
Apr 17, 2026
$1,079,000
Initial Listing
Jul 15, 1994
$215,000
Public Record