532 N Reese, Burbank, California 91506, Burbank, 91506 - 3 bed, 2 bath
Loading property details...
Burbank, California 91506
This Versatile Burbank Residence is a Prime Investment Opportunity, listed at $1,150,000—positioned well below the $1,187,319 Fair Market Value by 3%. This valuation gap offers $37,319 in Instant Equity. Holding a Condition Rating of 4, the home features a step-down den with a private entrance and alley access, providing a clear path for ADU Conversion. Located in the Burbank Unified School District near major studios, it balances financial upside with lifestyle convenience. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 532 N Reese Subject | $1,150,000* List Price | 3 | 2 | 1,701 | $698 | - |
A 1520 N Keystone Sold | $1,115,000 | 3 | 2 | 1,619 | $689 | 1.0 mi |
B 516 N Brighton Sold | $1,283,000 | 3 | 2 | 1,779 | $721 | 0.5 mi |
C 743 N Sparks Sold | $1,015,000 | 4 | 2 | 1,658 | $612 | 0.4 mi |
D 901 N Reese Sold | $1,350,000 | 3 | 2 | 1,550 | $871 | 0.4 mi |
E 831 N Myers Street Sold | $1,200,000 | 3 | 2 | 1,603 | $749 | 0.4 mi |
F 726 N Keystone Street Sold | $1,225,000 | 3 | 2 | 1,500 | $817 | 0.3 mi |
G 331 N Reese Active | $1,449,000 List Price | 3 | 2 | 1,921 | $754 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1946 build with interior renovations (kitchen and bathrooms) that appear to be 30+ years old. While the home is well-maintained and 'functional' as described, it is significantly dated with popcorn ceilings, fluorescent drop-ceiling kitchen lighting, and 1970s-style wood paneling, necessitating cosmetic and likely system updates.
The step-down den features a private entrance and flexible layout, providing an ideal footprint for a home office, creative studio, or a potential Accessory Dwelling Unit (ADU) to add value and rental income.
Located on a quiet, tree-lined street, the property boasts classic charm with a brick-and-iron fence, mature landscaping, and a traditional aesthetic that is highly sought after in the Burbank market.
The 6,752 sqft lot includes rare alley access and a gravel parking area, offering significant utility for additional vehicle storage, gardening, or future backyard expansions.
With its 1946 origins, the home features older elements such as wood paneling and traditional tile finishes that may require a cosmetic overhaul to meet the expectations of modern luxury buyers.
The property currently utilizes a gravel parking area via the alley; the absence of a formal enclosed garage may be a drawback for buyers prioritizing vehicle security and covered storage.
Welcome to 532 N. Reese Place, a charming single-story home tucked along a quiet, tree-lined street in the heart of Burbank. Set behind a classic brick-and-iron fence, the property offers inviting curb appeal with a well-kept lawn, mature trees, and colorful landscaping. Inside, the home features a bright living room filled with natural light, highlighted by large picture windows and a traditional brick fireplace. The kitchen is clean and functional, offering ample cabinetry, tile finishes, and a cozy dining nook with views of the garden. A step-down den adds flexible living space, complete with wood paneling, recessed lighting, and its own private entrance—ideal for a family room, home office, creative studio, or potential ADU conversion (buyer to verify). Additional features include alley access with a gravel parking area, as well as generous side and backyard spaces perfect for entertaining, gardening, or relaxing outdoors. With its central location, classic charm, and versatile layout, 532 N. Reese Place presents a great opportunity for its next owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,701 | 1,682 | 50% |
| Lot Size | 6,752 | 6,750 | 56% |
| Price | $1.15M | $1.41M | 22% |
| Price per sq ft | $676 | $823 | 15% |
| Built year | 1946 | 1941 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 140 | 2% |
Apr 16, 2026
$1,150,000
Initial Listing
Dec 2, 2003
$671,000
Public Record
Aug 1, 2003
$610,000
Public Record
Jul 2, 2003
$1,100,000
Public Record