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608 N Sparks, Burbank, California 91506, Burbank, 91506 - 5 bed, 4 bath

608 N Sparks, Burbank, California 91506 home-pic-0
ACTIVE$2,175,000
608 N Sparks, Burbank, California 91506
5Beds
4Baths
2,450Sqft
6,736Lot

Price Vs. Estimate

The estimated value ($2,092,098.02) is $82,901.98 (3%) lower than the list price ($2,175,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Versatility: Features a detached, contemporary ADU built in 2023 with 2 bedrooms and 2 bathrooms, offering significant rental income opportunities or flexible living arrangements, with potential for a third junior ADU.
Top Cons:
Age of Main Structure: The main house was built in 1929. While remodeled, older foundations and infrastructure can sometimes present unforeseen maintenance challenges or require more frequent upkeep.

Compared to the nearby listings

Price:$2.17M vs avg $1.35M (+$825,000)89%
Size:2,450 sqft vs avg 1,607 sqft77%
Price/sqft:$888 vs avg $86256%

More Insights

Built in 1929 (96 years old).
Condition: This property features a brand new (2023) Accessory Dwelling Unit (ADU) which is in excellent condition with modern finishes, new appliances, and contemporary bathrooms. The main house, built in 1929, has been 'recently remodeled' and is move-in ready. While the main house's kitchen, with its honey-toned cabinets and granite countertops, appears to be a renovation from 15-25 years ago rather than a very recent one, it is clean and functional with stainless steel appliances. The main house also features well-maintained hardwood floors and some updated light fixtures. The combination of a pristine, newly constructed ADU and a well-maintained, recently updated main house places the overall property in good condition, requiring no immediate renovations, though some buyers might consider cosmetic updates to the main house's kitchen style.
Year Built
1929
Close
-
List price
$2.17M
Original List price
$2.17M
Price/Sqft
$888
HOA
-
Days on market
-
Sold On
-
MLS number
GD25254237
Home ConditionGood
Features
Patio
View-

About this home

Looking for a beautifully remodeled home with rental income? This stunning single-family home with detached ADU is a perfect fit for homeowners and investors alike in Burbank's coveted Chandler Park! Located in a highly sought-after neighborhood just moments from the popular Chandler bike path. This residence features a recently remodeled front house with 3 bedrooms and 2 bathrooms, spanning 1,450 sq ft, offering great amenities while retaining its classic character. In addition, there is a separate, contemporary Accessory Dwelling Unit (ADU) with 2 bedrooms and 2 bathrooms, totaling 1,000 sq ft. Constructed in 2023, it sits above a 4-car garage, providing versatile living options or additional income opportunities. There is also potential to add a third junior ADU unit. Located in the award-winning Burbank school district and in close proximity to NBC, Disney Studios, Warner Bros Studio, Los Angeles Equestrians Center, Whole Foods Market, and Toluca Lake, this home offers the perfect blend of luxury and convenience. Don't miss out on the opportunity to make this one-of-a-kind home yours!

Price History

Date
Event
Price
10/22/21
Sold
$900,000
Condition Rating
Good
This property features a brand new (2023) Accessory Dwelling Unit (ADU) which is in excellent condition with modern finishes, new appliances, and contemporary bathrooms. The main house, built in 1929, has been 'recently remodeled' and is move-in ready. While the main house's kitchen, with its honey-toned cabinets and granite countertops, appears to be a renovation from 15-25 years ago rather than a very recent one, it is clean and functional with stainless steel appliances. The main house also features well-maintained hardwood floors and some updated light fixtures. The combination of a pristine, newly constructed ADU and a well-maintained, recently updated main house places the overall property in good condition, requiring no immediate renovations, though some buyers might consider cosmetic updates to the main house's kitchen style.
Pros & Cons

Pros

Income Potential & Versatility: Features a detached, contemporary ADU built in 2023 with 2 bedrooms and 2 bathrooms, offering significant rental income opportunities or flexible living arrangements, with potential for a third junior ADU.
Prime Location: Situated in Burbank's coveted Chandler Park, a highly sought-after neighborhood, moments from the Chandler bike path, award-winning schools, and major studios like NBC, Disney, and Warner Bros.
Remodeled & Modernized: The front house has been recently remodeled, blending modern amenities with classic character, while the ADU is a brand-new, contemporary construction from 2023.
Multi-Unit Configuration: Offers a total of 5 bedrooms and 4 bathrooms across two distinct units (main house and ADU), ideal for multi-generational living or maximizing rental yield.
Ample Parking: Includes a substantial 4-car garage, a valuable asset in an urban setting, providing convenience and additional storage.

Cons

Age of Main Structure: The main house was built in 1929. While remodeled, older foundations and infrastructure can sometimes present unforeseen maintenance challenges or require more frequent upkeep.
Listing Price Discrepancy: The current listing price is 3% above the property's estimated value, which may suggest an aggressive pricing strategy and could impact buyer perception or negotiation room.
Potential for Shared Space/Privacy: With a detached ADU and a 4-car garage on a 6,736 sq ft lot, the division of private outdoor space and potential for shared access or utilities between the main house and ADU might be a consideration for some buyers.

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