525 S Shelton, Burbank, California 91506, Burbank, 91506 - 2 bed, 2 bath
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Burbank, California 91506
This Rancho Adjacent Condominium is a High-Potential Investment Opportunity, listed at $579,000—positioned slightly above the $560,439 Fair Market Value. While the property requires cosmetic updates to its Condition Rating of 4, it offers significant utility with a private in-unit laundry room and two side-by-side parking spaces. Located in the Burbank Unified School District, this residence provides a stable foundation for long-term value growth. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 S Shelton Subject | $579,000* List Price | 2 | 2 | 1,021 | $549 | - |
A 525 S Shelton 102 Active | $585,000 List Price | 2 | 2 | 1,155 | $506 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this 47-year-old condo is well-maintained and functional but dated. While it features newer stainless steel appliances and modern faucets, the kitchen cabinetry, tile flooring, and bathroom fixtures appear to be from a renovation older than 15 years. It is move-in ready but requires cosmetic updates to flooring and cabinetry to meet modern standards.
Situated in the highly desirable Rancho Adjacent neighborhood on a quiet cul-de-sac, the property offers exceptional proximity to major film studios, Griffith Park, and award-winning Burbank schools.
The unit features a rare private in-unit laundry room and two side-by-side parking spaces with additional storage, providing significant utility and ease of living compared to similar area condos.
The well-maintained complex includes a fitness room and a lush common area with a BBQ, offering lifestyle perks that enhance the property's overall value and appeal for entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1021, other record living area = 950.
Built in 1977, the property may require cosmetic updates or modernization of systems to meet the expectations of buyers looking for contemporary finishes.
The listing specifies no view, which may be a disadvantage for an upper-level unit where buyers often anticipate scenic outlooks or neighborhood vistas.
Welcome to Burbank's highly desirable Rancho Adjacent neighborhood! This bright and inviting upper-level condominium features 2 spacious bedrooms, 2 full bathrooms, a well-designed open floor plan, and its own private laundry room. The generously sized bedrooms offer ample closet space and flexibility for a home office or comfortable guest accommodations. Nestled on a quiet cul-de-sac, this charming residence perfectly combines comfort, style, and convenience. The well-maintained community offers two side-by-side parking spaces with additional storage, a well-equipped fitness room, and a lush grassy common area with a community BBQ—ideal for relaxing or entertaining family and friends. Enjoy an unbeatable location with easy access to the 5, 134, and 170 Freeways, making commuting throughout Los Angeles a breeze. Just minutes from the world-famous Burbank Studios, the New York Film Academy, the Los Angeles Equestrian Center, Griffith Park, scenic hiking and bridle trails, and Burbank's award-winning schools. You'll also appreciate the abundance of nearby dining, cafés, shopping, and everyday conveniences, including Pavilions, Starbucks, The UPS Store, and much more. Experience the perfect blend of comfort, convenience, and the sought-after Burbank lifestyle in one of Los Angeles' most desirable neighborhoods! Don't miss this exceptional opportunity to own a beautiful home in one of Burbank's most desirable neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,021 | 1,144 |
| Lot Size | 20,012 | 23,554.5 |
| Price | $579.0K | $712.4K |
| Price per sq ft | $567 | $595 |
| Built year | 1977 | 1983 |
| HOA | $400.0 | $430 |
| Days on market | 14 | 54 |
Jul 8, 2026
$579,000
Initial Listing
Apr 2, 2021
$510,000
Public Record