532 N Reese, Burbank, California 91506, Burbank, 91506 - 3 bed, 2 bath
532 N Reese
Burbank, California 91506
Property Price
SUMMARY
Analysis of 532 N Reese, Burbank, California 91506 reveals a property with a current list price of $1,199,999, which is 6% above the estimated $1,124,977 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 532 N Reese Subject | $1,199,999* List Price | 3 | 2 | 1,701 | $661 | - |
A 311 N Shelton Sold | $1,375,000 | 3 | 3 | 1,880 | $731 | 0.3 mi |
B 516 N Brighton Sold | $1,283,000 | 3 | 2 | 1,779 | $721 | 0.5 mi |
C 831 N Myers Street Sold | $1,200,000 | 3 | 2 | 1,603 | $749 | 0.4 mi |
D 408 S Sparks Street Sold | $1,070,000 | 3 | 2 | 1,279 | $837 | 0.9 mi |
E 435 S Mariposa Street Sold | $1,050,000 | 2 | 2 | 1,663 | $631 | 0.8 mi |
F 1421 W Clark Avenue Sold | $1,210,000 | 3 | 2 | 1,710 | $708 | 0.2 mi |
G 331 N Reese Active | $1,499,000 List Price | 3 | 2 | 1,921 | $780 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1946, the property exhibits significantly dated interior elements, including a kitchen with small tile countertops, older cabinetry, and a drop ceiling, as well as bathrooms with similar outdated tile and fixtures. The den features wood paneling, and worn carpets are present throughout. The property analysis explicitly notes that core systems (plumbing, electrical, HVAC) are likely original or older, requiring substantial investment for modernization, and there is no central air conditioning, which is a significant comfort issue. These factors indicate a need for substantial repairs and rehabilitation, aligning with a 'poor' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Burbank Location
Nestled on a peaceful, tree-lined street in the heart of Burbank, offering desirable community access and convenience to local amenities.
- Exceptional Curb Appeal & Outdoor Space
Features a classic brick-and-iron fence, manicured lawn, mature shade trees, vibrant garden beds, and spacious side/rear yards ideal for entertaining or gardening.
- Versatile Den with ADU Potential
A step-down den with recessed lighting and a private entrance provides flexibility for a family room, home office, studio, or potential Accessory Dwelling Unit (ADU) conversion (buyer to verify).
CONSRISKS & DEFICIENCIES
- Age of Systems & Potential for Updates
Built in 1946, the property's core systems (e.g., plumbing, electrical, HVAC) are likely original or older, potentially requiring significant investment for modernization or replacement.
- Absence of Central Air Conditioning
The description does not mention a cooling system, which could be a significant drawback and comfort issue during Burbank's hot summer months.
- Dated Interior Elements
While functional, elements like the kitchen's 'clean tile finishes' and the den's 'wood paneling' may be considered dated by some buyers, suggesting a need for cosmetic updates to meet contemporary tastes.
About 532 N Reese
Welcome to 532 N. Reese Place — a charming Burbank retreat nestled on a peaceful, tree-lined street in the heart of the city. Behind a classic brick-and-iron fence, this single-story home exudes timeless curb appeal with its manicured lawn, mature shade trees, and vibrant garden beds. Inside, a bright and inviting living room features large picture windows, a traditional brick fireplace, and abundant natural light. The kitchen offers ample cabinetry, clean tile finishes, and a cozy dining nook overlooking the garden. A versatile step-down den with wood paneling, recessed lighting, and a private entrance provides the perfect space for a family room, home office, studio, or potential ADU conversion (buyer to verify). Additional highlights include a gravel parking area with alley access and spacious side and rear yards ideal for entertaining, gardening, or simply relaxing outdoors. With its ideal location, classic character, and endless possibilities, 532 N. Reese Place is ready to welcome its next owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 6,752 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,701 | 1,611 | 60% |
| Lot Size | 6,752 | 6,750.5 | 52% |
| Price | $1.20M | $1.38M | 25% |
| Price per sq ft | $705 | $843 | 17% |
| Built year | 1946 | 1940 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 164 | 4% |
Pricing History
Listed for Sale
Jan 28, 2026
$1,199,999
Initial Listing
Sold
Dec 2, 2003
$671,000
Public Record
Sold
Aug 1, 2003
$610,000
Public Record
Sold
Jul 2, 2003
$1,100,000
Public Record