1320 Lincoln, Burbank, California 91506, Burbank, 91506 - bed, bath
ACTIVE$899,000
1320 Lincoln, Burbank, California 91506
0Bed
0Bath
100Sqft
6,100Lot
Year Built
1946
Close
-
List price
$899K
Original List price
$999K
Price/Sqft
$8,990
HOA
-
Days on market
-
Sold On
-
MLS number
CV25164953
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $899.0K(5th), sqft - 100(2th), beds - undefined(3th), baths - undefined(3th).
These are 2-side-by-side lots 1320 and 1322 Lincoln with an asking price of 899k each lot. The original lot was split, each lot (6100sf) has a separate APN. Ready to build. Plans are for a 2-story, 4bed - 3bath, 2400sf main house (each lot). Plans also include a 2-story, 2bed - 2bath detached ADU in the rear of property (each lot), with alley access . The current structure remains as an option, if both lots are purchased together, or it will be demo'd if only one lot is purchased. Please call Listing Agent with any questions.
Price History
Date
Event
Price
08/28/25
Price Change
$899,000-2.8%
08/23/25
Price Change
$925,000-2.5%
08/15/25
Price Change
$949,000
07/22/25
Listing
$999,000
Condition Rating
Tear down
The listing explicitly states that the current structure 'will be demo'd if only one lot is purchased' and that the property is 'Ready to build' with plans for new construction. The property was built in 1946, over 50 years ago, and its value is clearly based on the land and redevelopment potential, not the existing structure. No interior images are provided, reinforcing that the existing structure is not considered habitable or a selling feature.
Pros & Cons
Pros
Development-Ready Lots: Each 6100 sqft lot is 'ready to build' with pre-approved plans for a substantial 2-story, 4-bedroom, 3-bathroom, 2400 sqft main house, streamlining the construction process.
ADU Income Potential: Approved plans include a detached 2-story, 2-bedroom, 2-bathroom ADU with convenient alley access, offering significant potential for rental income or multi-generational living.
Desirable Burbank Location: Located in Burbank, a highly sought-after area known for its strong school district (Burbank Unified) and community amenities, ensuring strong future property value.
Significant Price Reduction: The property has seen a substantial price reduction from an original list price of $999,000 to $899,000, potentially offering a more attractive entry point for buyers.
Flexible Purchase Options: The availability of two side-by-side lots allows for the purchase of a single lot for individual development or both for a larger project, with options regarding the existing structure.
Cons
Substantial Construction Costs: The listed price is for the land only; buyers must factor in significant additional costs for the construction of both the main house and ADU, which are not included.
Potential Demolition Costs: If only one lot is purchased, the buyer will likely incur demolition costs for the existing 1946 structure, adding to the initial investment and project timeline.
Time and Effort for Development: Building from the ground up requires a considerable time commitment for permitting, construction management, and project completion, which may not suit all buyers seeking immediate occupancy.