531 N Niagara, Burbank, California 91505, Burbank, 91505 - 7 bed, 4 bath
531 N Niagara
Burbank, California 91505
Property Price
SUMMARY
Analysis of 531 N Niagara, Burbank, California 91505 is currently available with a list price of $1,600,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1944, presents a mixed condition. While the front unit's kitchen and living areas appear recently updated with modern white cabinets, granite countertops, stainless steel appliances, and wood laminate flooring, and one bathroom in the back unit is excellently renovated with contemporary finishes, the back unit's main kitchen is significantly dated with older oak cabinets, tile countertops, and patterned tile flooring. Other bathrooms also show older vanities and fixtures. The carpets in the back unit appear worn. This inconsistency indicates that while some areas have received updates, the property as a whole requires further minor to moderate renovations to achieve a consistent, modern standard, aligning with the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Duplex Configuration
The property offers a highly desirable duplex setup, ideal for multi-generational living or as a robust income-generating rental investment.
- Prime Burbank Location
Situated in a 'great quiet location in Burbank,' this property benefits from a sought-after address known for its community and amenities.
- Spacious Main Unit
The rear unit is a substantial 5-bedroom, 3-bathroom residence featuring a family room and a fireplace, providing ample living space and comfort.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Maintenance
Built in 1944, the property is older, which may imply potential for deferred maintenance or the need for updates to major systems not explicitly mentioned.
- Ambiguity in Property Classification
The property is listed as a 'Single Family Residence' but described as a 'duplex,' which could lead to complexities regarding zoning, financing, or legal use.
- Limited Renovation Details
While the front unit is updated, the description lacks specific details on the extent of renovations for either unit, particularly for the larger back unit, suggesting potential for future capital expenditure.
About 531 N Niagara
Don’t miss the fantastic opportunity in Burbank. Great duplex that could be used for a place for your parents or an adult child to live with you without living WITH you. Or great opportunity for an investor looking for a rental property. The front unit is a 2 bed 1 bath unit that is updated and the back unit is a spacious 5 bed 3 bath unit with a family room and a fireplace in the living room. Both units have laundry as well. All of this in a great quiet location in Burbank.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 6,112 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 4 (4 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 3,100 | 1,399 | 95% |
| Lot Size | 6,112 | 6,400.5 | 42% |
| Price | $1.60M | $1.15M | 82% |
| Price per sq ft | $516 | $842 | 4% |
| Built year | 1944 | 1941 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 173 | 8% |
Pricing History
Listed for Sale
Jan 2, 2026
$1,600,000
Initial Listing