732 N Lima Street, Burbank, California 91505, Burbank, 91505 - 3 bed, 2 bath
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Burbank, California 91505
This Magnolia Park Ranch Home represents a Strong Value Opportunity, listed at $1,299,000—positioned well above the $1,205,971 Fair Market Value by 7%. While the property requires a premium, it offers a Condition Rating of 4, blending vintage 1950s character with modern updates like refinished hardwood floors and central HVAC. The 6,861 sqft lot and detached garage provide significant potential for future expansion. This residence is an ideal acquisition for Owner-Occupants seeking a lifestyle-focused property or long-term investors targeting the desirable Burbank Unified school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 732 N Lima Street Subject | $1,299,000* List Price | 3 | 2 | 1,597 | $755 | - |
A 521 N California Street Sold | $1,272,000 | 3 | 2 | 1,607 | $792 | 0.3 mi |
B 1025 N Screenland Drive Sold | $1,386,000 | 3 | 2 | 1,601 | $866 | 0.5 mi |
C 544 N California Street Sold | $1,300,000 | 3 | 2 | 1,382 | $941 | 0.2 mi |
D 210 N Naomi Sold | $1,160,000 | 3 | 2 | 1,920 | $604 | 0.6 mi |
E 1516 N Pepper Street Sold | $1,160,000 | 3 | 2 | 1,720 | $674 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the property is well-maintained but largely dated. While it features cosmetic updates like fresh paint, refinished hardwood floors, and new stainless-steel appliances, the kitchen and bathrooms retain their vintage 1950s-era components (knotty pine cabinets, vinyl flooring, and original tile work) which are well beyond the 20-30 year threshold for modern updates.
Situated on a highly sought-after tree-lined street in the heart of Magnolia Park, this property offers exceptional curb appeal and proximity to Burbank's premier shopping and dining.
The residence seamlessly blends 1950s ranch charm—including beamed ceilings and dual fireplaces—with essential modern updates like refinished hardwood floors, fresh paint, and central HVAC.
Featuring a spacious wood-paneled den and a large 6,800 sqft lot with a detached garage, the property provides excellent functional space and significant potential for an ADU or future expansion.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6861, other record lot size in square feet = 6800.
While well-maintained, the kitchen features vintage vinyl flooring and original Knotty Pine cabinetry, which may require a cosmetic overhaul to meet modern luxury buyer preferences.
The home offers 1.75 bathrooms rather than two full baths, which may be a drawback for families seeking a more contemporary primary suite layout.
All offers due by Tuesday, 6/1/26, at 5:00 P.M.. Gorgeous ranch style home located on one of the most sought-after tree lined streets in Magnolia Park. Built in 1950, it includes 3 bedrooms, 1.75 baths, 1,597 square feet of living space and a 6,800 square foot lot. The sundrenched living room is highlighted by its beautifully mantled brick fireplace and beamed ceiling. The adjacent dining area is a wonderful space to entertain family and friends. The kitchen includes a cozy breakfast nook with a built in China cabinet, classic Knotty Pine cabinets, copper range hood, vintage vinyl flooring and new stainless-steel appliances. The convenient adjoining utility room has washer & dryer hook ups and tons of storage space. The charming wood paneled den includes an additional brick fireplace, built in bookshelves, two closets and a delightful Dutch door that opens to the kitchen. The bedrooms are spacious in size and have large closets with plenty of storage space. The full and ¾ bathrooms have been lovingly maintained throughout the years. The spacious backyard includes a comfortable patio perfect for al fresco dining and a large grass area for children to play. Additional features include fresh interior & exterior paint, recently refinished hardwood flooring, central air & heat, new light fixtures and a double detached garage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,597 | 1,489 | 58% |
| Lot Size | 6,861 | 6,717 | 89% |
| Price | $1.30M | $1.20M | 68% |
| Price per sq ft | $813 | $842 | 43% |
| Built year | 1950 | 1941 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 124 | 1% |
May 28, 2026
$1,299,000
Initial Listing