916 N Clybourn Avenue, Burbank, California 91505, Burbank, 91505 - 4 bed, 3 bath
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Burbank, California 91505
This property presents a Strong Value Opportunity with a List Price of $1,150,000—positioned well below the $1,067,449 Fair Market Value by -7%. While the property requires significant capital expenditure due to its Condition Rating of 5, the inclusion of a 537 sq. ft. Detached Guest House provides a clear path to rental income or multi-generational utility. Located in the Magnolia Woods neighborhood, this asset offers a substantial footprint for Value-Add Investors and Contractors capable of executing a comprehensive renovation to modernize the outdated infrastructure.
Property is extensive renovation needed.
Built in 1927 and on the market for the first time, this property is in largely original condition and requires a total rehabilitation. The bathroom features dated mid-century tiling, and the guest house is incomplete, lacking a kitchen. Systems appear outdated with visible wall heaters and window AC units rather than central HVAC. The interior shows significant wear, dated carpeting, and aged finishes consistent with a home that has not been renovated in over 50 years.
The property features a 537 sq. ft. detached guest house with its own living area and bedroom, providing significant value for rental income or multi-generational living.
Situated in the desirable Magnolia Woods neighborhood near Toluca Lake, the home offers excellent proximity to major studios, shopping, and highly-rated Burbank schools.
With over 2,100 sq. ft. in the main house and a functional floor plan including a formal dining room and bonus family room, the property offers a spacious footprint for the area.
The main house contains four bedrooms but only 1.5 bathrooms, a low ratio that likely necessitates a costly reconfiguration to meet modern buyer expectations.
As a first-time offering of a 1927 build, the property likely requires significant investment in system upgrades and cosmetic modernization to reach its full market potential.
Opportunity knocks in Burbank's Magnolia Woods neighborhood! First time on the market, this unique property with a detached one-bedroom guest house offers unlimited potential. The two-story main home includes 4 bedrooms and 1.5 bathrooms with approximately 2,184 square feet. The spacious living room features a fireplace and flows into the formal dining room. The kitchen includes a breakfast area. There is also an additional bonus/family room with glass doors opening to the backyard. The detached guest house is approximately 537 sq. ft. and includes a living room, a bedroom with an attached bathroom, and an additional room with laundry and space to add a kitchen. A one-car detached garage and a good-sized backyard complete the property. Great location close to Toluca Lake and everything Burbank has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,184 | 1,708 |
| Lot Size | 6,538 | 6,504 |
| Price | $1.15M | $1.31M |
| Price per sq ft | $527 | $856 |
| Built year | 1927 | 1947 |
| HOA | $0 | $0 |
| Days on market | 2 | 50 |
Jul 20, 2026
$1,150,000
Initial Listing