1023 E Verdugo Avenue, Burbank, California 91501, Burbank, 91501 - 3 bed, 2 bath

1023 E Verdugo Avenue, Burbank, California 91501 home-pic-0
ACTIVE$1,999,000
1023 E Verdugo Avenue, Burbank, California 91501
3Beds
2Baths
1,722Sqft
7,752Lot
Year Built
1940
Close
-
List price
$2M
Original List price
$2.19M
Price/Sqft
$1,161
HOA
-
Days on market
-
Sold On
-
MLS number
GD25055443
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.00M(81th), sqft - 1722(50th), beds - 3(50th), baths - 2(50th).

Major Reduction!!! Seller wants this Stunning home in desirable Burbank, right before Sunset Cyn, to be SOLD. This beautiful Gem offers incredible potential for a large family, investors, or rental income! The main house features 3 spacious bedrooms and 3 bathrooms, each showcasing unique design elements. The kitchen is a chef’s dream, with sleek stainless steel appliances, elegant quartz countertops, and a beautiful chandelier that adds a touch of luxury. Recessed lighting, beautiful tile and laminate flooring flow throughout the home, enhancing the overall charm and warmth. A cozy patio provides a great outdoor space for relaxation. The bathrooms are tastefully updated, and the master bedroom includes a spacious walk-in closet. The attic offers Balcony, versatile space, perfect for a game room, office, or additional storage. The extended garage provides plenty of room and includes a split unit for added comfort. This home truly reflects the owner's pride and care, making it an ideal place to call home. The ADU is a fantastic bonus, offering a modern kitchen with quartz countertops, backsplash, recessed lighting, and laminate flooring throughout. The main floor includes a convenient 1/2 bath, while the upper level features 2 bedroom and 1 full, updated Jack and Jill bathroom. The ADU also boasts its own private balcony, perfect for enjoying your morning coffee or evening relaxation. With separate laundry areas for both dwellings, this property offers exceptional convenience. Whether you’re looking for a spacious family home with extra rental income potential, an investment property, or a multi-generational living arrangement, this property checks all the boxes. Don't miss the chance to own this one of a kind property in a prime location an exceptional opportunity for any buyer!

Condition Rating
Excellent

Despite being built in 1940, the property has undergone extensive, high-quality renovations as described. Both the main house and the ADU feature modern kitchens with sleek stainless steel appliances, quartz countertops, and recessed lighting. Bathrooms are tastefully updated, and beautiful tile and laminate flooring are present throughout. The overall description emphasizes a 'stunning home' with 'owner's pride and care,' indicating a condition that meets current quality standards with virtually new components in key areas, aligning with the 'excellent' criteria for extensively renovated properties.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7752, living area = 1722.
Income-Generating ADU: The property includes a fully equipped Accessory Dwelling Unit (ADU) with 2 bedrooms, 1.5 bathrooms, a modern kitchen, private balcony, and separate laundry, providing significant rental income potential or multi-generational living options.
Desirable Burbank Location: Located in a prime and highly sought-after Burbank neighborhood, offering excellent community amenities and proximity to key attractions.
Modernized Interiors & Finishes: Both the main house and ADU feature updated kitchens with sleek stainless steel appliances, elegant quartz countertops, recessed lighting, and tastefully updated bathrooms, enhancing aesthetic appeal and functionality.
Versatile Additional Living Space: The main house boasts a versatile attic space, ideal for a game room, office, or additional storage, adding valuable functional square footage.
Well-Maintained Property: The description highlights 'owner's pride and care,' indicating the property is well-maintained and in good condition, reducing immediate repair concerns for a buyer.

Cons

Significant Overpricing: The current listing price of $1.999M is substantially higher than the estimated market value and recent comparable sales in the area, which may limit buyer interest and prolong market time.
Ambiguous Total Square Footage: The listed 1722 sqft likely pertains only to the main house, with the ADU's square footage not explicitly included in the total, creating a lack of clarity regarding the property's overall size.
Potential for Older Systems: Despite cosmetic updates, the main house's 1940 build year suggests that underlying systems (e.g., plumbing, electrical, HVAC) may not be fully modernized, potentially leading to future maintenance or upgrade costs.

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