849 N Lima Street, Burbank, California 91505, Burbank, 91505 - 4 bed, 3 bath
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Burbank, California 91505
This Turnkey Magnolia Park Residence with Detached ADU is a Prime Investment Opportunity listed at $1,500,000—positioned well below the $1,546,150 Fair Market Value by 2%. This provides $46,150 in Instant Equity with an Excellent Condition Rating. The home features solid maple floors, a renovated quartz kitchen, and a private patio, while the 400 sq ft detached ADU offers rental upside. Located in the Burbank Unified district near Roosevelt Elementary and Burroughs High, this is an ideal acquisition for Owner-Occupants or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 N Lima Street Subject | $1,500,000* List Price | 4 | 3 | 1,940 | $797 | - |
A 1008 N Catalina Street Sold | $1,770,000 | 4 | 3 | 1,941 | $912 | 0.4 mi |
B 1307 N Avon Sold | $1,500,000 | 3 | 2 | 1,830 | $820 | 0.5 mi |
C 1415 N Screenland Sold | $1,301,625 | 3 | 2 | 1,710 | $761 | 0.7 mi |
D 1317 N California Street Sold | $1,450,000 | 3 | 3 | 1,450 | $1,000 | 0.6 mi |
E 2925 W Oak Active | $1,895,000 List Price | 4 | 3 | 2,100 | $902 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that brings it to current quality standards. Key features include a newly renovated kitchen with dual-tone cabinetry and quartz countertops, new solid maple flooring throughout, and tastefully remodeled bathrooms. Additionally, the property includes a modern, high-quality detached ADU with premium finishes such as skylights and a loft. All visible components, including appliances and light fixtures, appear new or virtually new, meeting the criteria for a fully renovated home within the last 5 years.
The property features a 400 sq ft detached ADU with its own address, full kitchen, and loft, providing significant value for rental income, multi-generational living, or a private home office.
Situated in one of Burbank's most desirable neighborhoods, the home offers exceptional walkability to the Chandler Bike Path, Porto's Bakery, and major studios like Disney and Warner Bros.
The residence has been thoughtfully remodeled with a contemporary dual-tone kitchen, quartz countertops, updated bathrooms, and new solid maple flooring, offering a move-in-ready experience.
Built in 1937, the property may possess older underlying systems or structural characteristics typical of its era that could require more maintenance than a modern build.
With the main house measuring approximately 1,540 square feet for three bedrooms, the interior footprint may feel somewhat restrictive for families prioritizing large, open-concept communal spaces.
Welcome to this beautifully remodeled home in the highly sought-after Magnolia Park neighborhood of Burbank. Located within the desirable Roosevelt Elementary and Burroughs High School district, this property blends charm, comfort, and convenience in one of the city's most beloved communities.The main residence offers 3 bedrooms and 2 bathrooms across approximately 1,540 square feet of thoughtfully updated living space and studio ADU with full bath with an additional 400 sq ft. A welcoming front porch sets the tone, ideal for morning coffee or unwinding in the evening while connecting with neighbors. Inside, the inviting living room features a light-filled bay window and a cozy gas fireplace, creating the perfect setting for both relaxing and entertaining. New solid maple floors complement the home's modern upgrades throughout. The newly renovated kitchen showcases dual-tone cabinetry, quartz countertops, and a clean, contemporary design. Both bathrooms have been tastefully remodeled, while the spacious primary suite overlooks the backyard, offering a peaceful retreat.The property's detached ADU has its own address, complete with a full kitchen, full bathroom, and loft ideal for guests, rental income, or a private office.Situated on a generous 7k sq ft lot, the expansive backyard offers endless possibilities for entertaining, relaxing, or future expansion. A detached storage shed adds valuable additional storage.Ideally located just one block from the Chandler Bike Path and moments from local favorites like Handy Market, Porto's Bakery, Verdugo Aquatic Center and Park, as well as Warner Bros. and Disney Studios, this home truly offers the best of Burbank living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,940 | 1,450 | 85% |
| Lot Size | 7,014 | 6,519 | 90% |
| Price | $1.50M | $1.17M | 83% |
| Price per sq ft | $773 | $839 | 33% |
| Built year | 1937 | 1941 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 170 | 1% |
Apr 14, 2026
$1,500,000
Initial Listing
Mar 30, 2011
$437,500
Public Record
Feb 8, 1995
$179,000
Public Record