
Burbank, California 91506
This Single Family Residence represents a Strong Value Opportunity, listed at $999,000—positioned well below the $1,032,052 Fair Market Value by 3%. This valuation gap provides $33,052 in Instant Equity. While the property maintains a Condition Rating of 4, the recent roof replacement and cosmetic updates provide a solid foundation for modernization. The expansive 6,842-square-foot lot offers significant potential for an ADU or expansion. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime Magnolia Park location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 811 N Keystone Street Subject | $999,000* List Price | 3 | 2 | 1,278 | $808 | - |
A 228 N Beachwood Drive Sold | $1,150,000 | 3 | 1 | 1,178 | $976 | 0.6 mi |
B 532 N Reese Sold | $1,025,000 | 3 | 2 | 1,701 | $603 | 0.3 mi |
C 1640 N Lincoln Street Sold | $1,083,272 | 4 | 2 | 1,323 | $819 | 0.8 mi |
D 240 N Keystone Sold | $965,000 | 2 | 1 | 1,354 | $713 | 0.7 mi |
E 1520 N Keystone Sold | $1,115,000 | 3 | 2 | 1,619 | $689 | 0.8 mi |
F 636 N Lamer Street Active | $1,125,000 List Price | 3 | 2 | 1,500 | $750 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, the property is dated with a kitchen featuring older wood paneling and cabinetry likely over 30 years old. While it benefits from a brand new roof and recent cosmetic paint, the interior finishes and layout remain largely original or aged, requiring modernization of the kitchen and bathrooms.
Situated just half a block from Magnolia Boulevard, the property offers exceptional walkability to popular shops, cafes, and restaurants, while being located within a highly desirable Burbank school district.
The generous 6,842-square-foot lot is rare for the neighborhood, providing an enormous backyard that offers significant opportunities for gardening, outdoor entertaining, or the addition of an ADU.
The inclusion of a brand-new roof and recent cosmetic updates provides immediate value and peace of mind, allowing a buyer to move in comfortably while still having room to add personal touches.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1278, other record living area = 1199. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With only 1,278 square feet of living space for a three-bedroom home, the interior layout may feel somewhat confined for families requiring larger communal areas or spacious secondary bedrooms.
Built in 1939, the property may require ongoing maintenance or further modernization of its original systems, such as plumbing or electrical, to meet the demands of contemporary living.
Loved by the same family for generations, this charming Magnolia Park home is ready for its next chapter. Inside, a bright open living and dining room opens into the kitchen with a cozy breakfast nook. Two bedrooms sit up front, while a large primary suite is tucked away in back, complete with a fireplace, an en suite bath, and a screened-in porch that leads out to the enormous backyard. Set on a generous 6,842-square-foot lot, there's a rare amount of room to garden, play, entertain, or dream up what comes next. A garage and recent cosmetic updates, along with a brand new roof, give you a head start while leaving plenty of room to add your own touches. Just half a block from Magnolia Boulevard and its shops, cafes, and restaurants, with Burbank's public schools close by. A special little house with a long, loved history, ready for someone new to make it their own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,278 | 1,601.762 |
| Lot Size | 6,842 | 6,628.752 |
| Price | $999.0K | $1.31M |
| Price per sq ft | $782 | $879 |
| Built year | 1939 | 1944 |
| HOA | $0 | $0 |
| Days on market | 13 | 44 |
Aug 27, 2026
$999,000
Initial Listing