633 E Fairmount Road, Burbank, California 91501, Burbank, 91501 - bed, bath
ACTIVE UNDER CONTRACT$1,450,000
633 E Fairmount Road, Burbank, California 91501
0Bed
0Bath
2,024Sqft
6,663Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: The property includes a permitted 1-bed, 1-bath ADU with a separate entrance and parking, offering significant rental income potential.
Top Cons:
Age of Property: Built in 1926, the property may require ongoing maintenance and potential upgrades despite recent renovations.
Compared to the nearby listings
Price:$1.45M vs avg $2.00M ($-550,050)25%
Size:2,024 sqft vs avg 4,500 sqft25%
Price/sqft:$716 vs avg $44475%
More Insights
Built in 1926 (99 years old).
Condition: The property, built in 1926, has undergone extensive renovations within the last 5 years, including a new roof, central AC, updated electricals, and copper plumbing. The presence of a modern ADU further supports the 'excellent' condition score, indicating that the property meets current quality standards with minimal physical depreciation.
Year Built
1926
Close
-
List price
$1.45M
Original List price
$1.5M
Price/Sqft
$716
HOA
-
Days on market
-
Sold On
-
MLS number
SR24218428
Home ConditionExcellent
Features
View-
About this home
WoW!!This charming 3-bed, 2-bath home in 91501 is a fantastic rental opportunity! With a legal ADU, this property boasts modern upgrades, a spacious primary suite, new roof, central AC, updated electricals, and copper plumbing, all done in the last 5 years. Features include a tankless water heater, detached 2-car garage, and a permitted 1-bed, 1-bath ADU with separate entrance and parking for potential rental income. Conveniently located near schools and attractions, and with easy access to freeways and amenities, Fairmount Rd offers a perfect mix of comfort and convenience. Don't miss out!
Condition Rating
Excellent
The property, built in 1926, has undergone extensive renovations within the last 5 years, including a new roof, central AC, updated electricals, and copper plumbing. The presence of a modern ADU further supports the 'excellent' condition score, indicating that the property meets current quality standards with minimal physical depreciation.
Pros & Cons
Pros
Income Potential: The property includes a permitted 1-bed, 1-bath ADU with a separate entrance and parking, offering significant rental income potential.
Recent Upgrades: The home features modern upgrades completed within the last 5 years, including a new roof, central AC, updated electricals, and copper plumbing, reducing potential maintenance costs.
Prime Location: Located in Burbank's 91501 area, the property offers convenient access to schools, attractions, freeways, and amenities, enhancing its desirability.
Cons
Age of Property: Built in 1926, the property may require ongoing maintenance and potential upgrades despite recent renovations.
Active Under Contract: The property's status as 'Active Under Contract' indicates a pending sale, which may deter some potential buyers.