702 N Reese Place, Burbank, California 91506, Burbank, 91506 - 2 bed, 1 bath
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Burbank, California 91506
This Character-Filled Burbank Bungalow is listed at $999,999—positioned well below the $1,019,067 Fair Market Value by 1%. This valuation gap offers $19,068 in Instant Equity for a property in Condition Rating 4. A standout lifestyle perk is the inclusion of all furniture and fixtures, creating a seamless move-in ready experience. The 6,741 sq ft lot serves as a private sanctuary with a spacious patio, a blooming lemon tree, and serene Trees/Woods views. Located within the Burbank Unified School District, it is ideal for Owner-Occupants or first-time buyers seeking a polished, high-character transition.
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 | $988 | - |
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 228 N Beachwood Drive Active | $1,079,970 List Price | 3 | 1 | 1,178 | $917 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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 It meets the 'fair' criteria as an aged home maintained through regular upkeep but showing signs of being outdated compared to current renovation standards.
The sale uniquely includes all furniture, fixtures, and household contents, offering an effortless move-in experience or an immediate turnkey investment opportunity.
Situated in one of Burbank's most beloved neighborhoods, the property provides excellent proximity to top-rated schools, parks, and major studio employers.
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.
With only one bathroom serving the entire household, the property may present functional challenges for families or those who frequently host guests.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,020 | 1,660.5 | 11% |
| Lot Size | 6,741 | 6,749.5 | 44% |
| Price | $1000.0K | $1.41M | 7% |
| Price per sq ft | $980 | $829 | 78% |
| Built year | 1942 | 1941 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 140 | 11% |
Mar 3, 2026
$999,999
Initial Listing