702 N Reese Place, Burbank, California 91506, Burbank, 91506 - 2 bed, 1 bath
702 N Reese Place
Burbank, California 91506
Property Price
SUMMARY
Analysis of 702 N Reese Place, Burbank, California 91506 reveals a Fairly Priced Property with a current list price of $999,999 aligned with the estimated $1,019,067 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 N Reese Place Subject | $999,999* List Price | 2 | 1 | 1,020 | $999 | - |
A 338 N Mariposa Sold | $970,000 | 2 | 2 | 940 | $1,032 | 0.4 mi |
B 320 S Glenwood Place Sold | $882,000 | 2 | 1 | 832 | $1,060 | 0.8 mi |
C 751 N Keystone Street Sold | $1,178,500 | 3 | 1 | 1,167 | $1,010 | 0.3 mi |
D 1311 N Griffith Park Drive Sold | $980,000 | 3 | 2 | 1,095 | $895 | 0.7 mi |
E 721 N Myers Street Sold | $1,200,000 | 3 | 2 | 1,234 | $972 | 0.4 mi |
F 124 S Beachwood Drive Sold | $1,205,000 | 2 | 2 | 1,350 | $893 | 0.7 mi |
G 626 N Lincoln Street Pending | $899,950 List Price | 2 | 1 | 936 | $961 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1942, this property is well-maintained and described as 'turnkey,' yet it retains a vintage aesthetic that lacks modern updates. While the home is move-in ready with clean hardwood floors and functional spaces, the kitchen and bathroom features—including older tile countertops and dated appliances—reflect a style from several decades ago. It meets the 'fair' criteria as an aged home maintained through regular upkeep but showing signs of being outdated compared to current renovation standards.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Inclusion
The sale uniquely includes all furniture, fixtures, and household contents, offering an effortless move-in experience or an immediate turnkey investment opportunity.
- Prime Burbank Location
Situated in one of Burbank's most beloved neighborhoods, the property provides excellent proximity to top-rated schools, parks, and major studio employers.
- Generous Lot Size
The 6,741 sq ft lot is substantial for the area, featuring a mature lemon tree and offering significant potential for expansion, an ADU, or a custom outdoor retreat.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving the entire household, the property may present functional challenges for families or those who frequently host guests.
- Compact Living Space
At 1,020 square feet, the interior footprint is relatively small, which may limit appeal for buyers seeking more spacious common areas or larger bedrooms.
About 702 N Reese Place
Welcome to 702 N. Reese Place, a perfect opportunity to own a character filled Burbank home on a generous lot in one of Burbank's most beloved neighborhoods. This inviting home blends classic charm with everyday comfort and effortless Southern California living. Step inside to discover a warm and inviting layout featuring 2 bedrooms and 1 bathroom across 1,020 sq ft of living space. The bright and cheerful living area sets the tone with abundant natural light from the front window and seamless flow into the dining and kitchen areas, perfect for everyday living and family entertaining. The kitchen offers a thoughtful cooking space with easy access to the backyard and outdoor living space, ideal for al fresco dining, gardening, and indoor or outdoor gatherings. The beautiful backyard with a blooming lemon tree provides endless potential for personalization, whether you dream of creating a lush garden, patio retreat, or outdoor entertainment space. One of the most unique aspects of this home is that all of the furniture, fixtures, and household contents are included in the sale, allowing the next owner to move right in or capitalize on a turnkey investment. Situated on a desirable street in the heart of Burbank, this home offers both convenience and a peaceful residential vibe, close to excellent local schools, parks, dining, shops and city amenities. Don't miss your chance to own this exceptional property, a perfect blend of location, character, lifestyle, and value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 6,741 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,020 | 1,581.5 | 10% |
| Lot Size | 6,741 | 6,750 | 42% |
| Price | $1000.0K | $1.38M | 10% |
| Price per sq ft | $980 | $850 | 73% |
| Built year | 1942 | 1940 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 163 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$999,999
Initial Listing