
Burbank, California 91501
This property presents a High-Potential Investment Opportunity with a List Price of $1,259,952—positioned above the $1,204,082 Fair Market Value. While the property requires a full rehab due to its Condition Rating of 5, the 6,240 square foot corner lot and mountain views provide a solid foundation for value-add strategies. The detached garage offers potential for an ADU conversion to maximize rental income. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to restore a classic Burbank hillside asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 524 S Bel Aire Drive Subject | $1,259,952* List Price | 3 | 1 | 1,128 | $1,070 | - |
A 211 S Bel Aire Drive Sold | $1,115,000 | 3 | 1 | 1,279 | $872 | 0.3 mi |
B 1083 E Fairmount Sold | $1,450,000 | 3 | 2 | 1,427 | $1,016 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 and marketed as a 'fix-and-save' project, this property is over 75 years old with no evidence of major system or interior renovations. The presence of a wall heater indicates outdated HVAC, and the listing's emphasis on 'potential' and 'restoration' confirms it needs a full rehab to meet modern standards.
Situated on a desirable 6,240 square foot corner lot in the sought-after Burbank hills, the property offers mountain views and high land value in a premium neighborhood.
As a 'fix-and-save' opportunity with original hardwood floors and classic charm, this home serves as an ideal canvas for investors or buyers looking to build significant equity through renovation.
The detached 2-car garage provides ample space for parking and storage, or the potential for a workshop, hobby space, or future ADU conversion to increase property value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is in need of significant updates and restoration, which will require a substantial additional capital investment beyond the purchase price.
The home features only one bathroom for three bedrooms, and a discrepancy exists between the listing and tax records, which show only two bedrooms, potentially complicating financing or future resale.
Discover the potential in this charming 3 bedroom, 1 bathroom home offering 1,128 square feet of living space on a spacious 6,240 square foot corner lot in a desirable hill location. Whether you're a first-time homebuyer searching for the perfect place to start or an investor looking for your next project, this property presents an exceptional opportunity to create something truly special. Inside, you'll find a comfortable and inviting floor plan featuring a spacious living room with a cozy fireplace, creating the perfect gathering space for relaxing evenings or entertaining guests. Beautiful hardwood floors add warmth and character throughout much of the home, while the formal dining room provides an ideal setting for family meals and special occasions. A separate laundry room offers added convenience, and the versatile third bedroom can easily function as a cozy den, home office, guest room, or flex space to suit your lifestyle. Filled with natural light, the home's classic charm provides the perfect canvas for your personal updates and improvements. Step outside to enjoy the covered patio, a wonderful space for outdoor dining, weekend barbecues, or simply relaxing with family and friends. The generous corner lot provides added privacy, extra outdoor space, and plenty of room for gardening, play, or future enhancements. A detached 2-car garage offers ample parking, storage, or the potential for a workshop, hobby space, or future possibilities. Situated in a sought-after hill neighborhood, this home combines location, value, and endless potential. This is truly a fix-and-save opportunity where a little vision and updating can go a long way. With its desirable corner lot, inviting living room with fireplace, timeless features, and outstanding potential, this property is ready for its next owner to restore, renovate, and make it their own while building equity for years to come. Don't miss this rare opportunity to invest in a home with so much promise in an excellent location. LA tax assessor shows 2 bedrooms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,128 | 1,601.762 |
| Lot Size | 6,240 | 6,628.752 |
| Price | $1.26M | $1.31M |
| Price per sq ft | $1.1K | $879 |
| Built year | 1949 | 1944 |
| HOA | $0 | $0 |
| Days on market | 33 | 44 |
Aug 7, 2026
$1,259,952
Initial Listing