1016 N Lamer Street, Burbank, California 91506, Burbank, 91506 - 2 bed, 2 bath

1016 N Lamer Street, Burbank, California 91506 home-pic-0
ACTIVE$939,000
1016 N Lamer Street, Burbank, California 91506
2Beds
2Baths
920Sqft
5,389Lot
Year Built
1926
Close
-
List price
$939K
Original List price
$995K
Price/Sqft
$1,021
HOA
-
Days on market
-
Sold On
-
MLS number
GD24249076
Home ConditionGood
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 2 Cons,3 Pros. Rank: price - $939.0K(7th), sqft - 920(7th), beds - 2(21th), baths - 2(50th).

Welcome to 1016 N Lamer St, a beautifully renovated Spanish Relic home nestled in the heart of Burbank. This charming residence offers a perfect blend of modern amenities and classic appeal, making it an ideal choice for those seeking comfort and style. Step inside to discover a thoughtfully designed interior, which features two spacious bedrooms, and two bathrooms. The primary bedroom boasts an ensuite bathroom, offering a private oasis for relaxation. Both bathrooms have been fully renovated, showcasing contemporary fixtures and finishes. The open-concept living area is illuminated by recessed lighting, creating a warm and inviting atmosphere. The total renovation ensures that every corner of this home exudes elegance and functionality. Outside, enjoy the privacy of a fenced yard, perfect for entertaining or simply unwinding. The back yard offers ample space for outdoor activities, while the front yard and porch provide a welcoming entrance. Whether you're hosting a barbecue or enjoying a quiet evening under the stars, this outdoor space caters to all your needs. Located in a vibrant neighborhood, this home offers easy access to Burbank's amenities and attractions. Experience the perfect blend of modern living and timeless charm at 1016 N Lamer St. Don't miss the opportunity to make this exquisite property your new home. The Detached 2-car garage is accessed from the alley and has a secondary rear yard space adjacent to the garage, making such an incredible opportunity to convert the Garage in to an ADU. With Alley access & a separate yard space, this conversion would have the potential to create a serene private space with its own yard & away from the main house with no shared or overlapping spaces from the house to the potential ADU. This home is also located in an incentivized census tract that qualifies for a $20,000 Grant and Special Financing through City National Bank through their 'Ladder Up' Program. The program also highlights a minimal down payment with No Mortgage Insurance! For qualifications and restrictions, please contact a CNB loan officer.

Condition Rating
Good

The property, built in 1926, has been renovated. The listing mentions 'fully renovated' bathrooms with contemporary fixtures and finishes. The kitchen is not specifically detailed, but the overall impression from the images suggests a modern update. While the original build year is old, the renovation quality appears high enough to classify the condition as 'good,' indicating move-in readiness without immediate major renovations needed. The recessed lighting and general aesthetic point to a relatively recent and comprehensive update.
Pros & Cons

Pros

Renovated Interiors: The property features a thoughtfully designed interior with fully renovated bathrooms and an open-concept living area, providing a modern and comfortable living space.
ADU Potential: The detached 2-car garage with alley access and a separate rear yard space presents an incredible opportunity to convert it into an ADU, potentially increasing the property's value and rental income.
Financial Incentives: Located in an incentivized census tract, the property qualifies for a $20,000 Grant and Special Financing through City National Bank's 'Ladder Up' Program, making it more accessible for potential buyers.

Cons

Year Built: Built in 1926, the property may require ongoing maintenance and potential upgrades due to its age.
Small Square Footage: With only 920 sqft of living space, the property might feel small for some buyers, especially those with larger families or those who desire more space.

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