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

608 N Sparks Street, Burbank, California 91506 home-pic-0
ACTIVE$2,257,000
608 N Sparks Street, Burbank, California 91506
5Beds
4Baths
2,450Sqft
6,736Lot
Year Built
1929
Close
-
List price
$2.26M
Original List price
$2.5M
Price/Sqft
$921
HOA
-
Days on market
-
Sold On
-
MLS number
SR25061060
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.26M(89th), sqft - 2450(77th), beds - 5(87th), baths - 4(84th).

Over $200k price improvement! Welcome to 608 N Sparks Street, a beautiful property nestled in the highly sought-after Magnolia Park area of Burbank. This charming residence features a recently remodeled front house with 3 bedrooms and 2 bathrooms, offering modern amenities while retaining its classic character. In addition, a separate, contemporary Accessory Dwelling Unit (ADU), constructed in 2023, is situated above the 4-car garage, providing versatile living options or additional income for owners. There is also potential to add a third junior ADU unit, enhancing the property's appeal and functionality. The location is ideal for those seeking both convenience and leisure. The property is within walking distance to Chandler Bike Path, perfect for outdoor enthusiasts. It is also just minutes away from major studios such as Warner Brothers and Disney, as well as shopping destinations like Whole Foods and the Empire Center. This property offers a unique blend of modern living spaces, ample parking, and proximity to some of Burbank's most popular amenities, making it a desirable opportunity for homeowners and investors alike.

Condition Rating
Excellent
The property features a brand new (2023) Accessory Dwelling Unit (ADU) which is contemporary and in excellent condition, meeting the 'newly built' criteria. The main house, built in 1929, is described as 'recently remodeled' with 'modern amenities while retaining its classic character.' While the main house kitchen (Image 5) has a slightly more traditional style with light wood cabinets and natural stone countertops, its condition appears excellent and well-maintained, consistent with a recent high-quality renovation. The bathroom shown (Image 3) is very modern with sleek vanity, large format tiles, and contemporary fixtures. The overall property, with a new ADU and a recently updated main house, presents as virtually new or extensively renovated within the last 5 years, with no deferred maintenance.
Pros & Cons

Pros

Prime Location: Nestled in the highly sought-after Magnolia Park area of Burbank, offering excellent walkability to the Chandler Bike Path and minutes away from major studios (Warner Brothers, Disney) and shopping destinations (Whole Foods, Empire Center).
Income Potential & Versatility: Features a separate, contemporary Accessory Dwelling Unit (ADU) constructed in 2023, providing immediate options for rental income or multi-generational living.
Future Expansion Opportunity: Includes potential to add a third junior ADU unit, further enhancing the property's income-generating capabilities or living space.
Recently Remodeled Main House: The front house has been recently remodeled, offering modern amenities while thoughtfully retaining its classic character, appealing to a broad range of buyers.
Ample Parking: A substantial 4-car garage provides significant parking capacity, a valuable asset in urban areas.

Cons

Significant Price Discrepancy: The current listing price is substantially higher than the automated property estimation, which may indicate potential overpricing or lead to appraisal challenges for buyers.
Age of Main Structure: Built in 1929, the main house, despite recent remodels, may still present maintenance considerations or require ongoing upkeep typical of older properties.
Vague Remodel Details: The description of the 'recently remodeled' main house lacks specific dates or a detailed scope of work, which could create uncertainty for potential buyers regarding the extent and recency of updates.

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