1322 N Lincoln Street N, Burbank, California 91506, Burbank, 91506 - bed, bath
ACTIVE$1,149,000
1322 N Lincoln Street N, Burbank, California 91506
0Bed
0Bath
3,400Sqft
6,100Lot
Year Built
1946
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$338
HOA
-
Days on market
-
Sold On
-
MLS number
CV25036544
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(23th), sqft - 3400(93th), beds - undefined(3th), baths - undefined(3th).
Attention Developers or "Forever Home" seekers!!! Build your dream home in this highly sought after PRIME Burbank location!!! NEAR RTI!!! See private remarks for more info.
Condition Rating
Tear down
The property was built in 1946, making it over 50 years old. The listing description explicitly targets 'Developers' and encourages buyers to 'Build your dream home,' strongly indicating that the value is in the land and its redevelopment potential, not the existing structure. The mention of 'NEAR RTI' plans further supports the intention for new construction. There are no interior images or details about the current home's condition, and the aerial photos show a lot that appears to be prepped for significant work, reinforcing the likelihood that the existing structure is considered a tear-down.
Pros & Cons
Pros
Prime Location: The property is situated in a highly sought-after PRIME Burbank location, offering desirability and potential for strong appreciation.
Development Opportunity: Explicitly marketed to 'Developers,' this property presents a significant opportunity for new construction or a substantial redevelopment project.
NEAR RTI Plans: The 'NEAR RTI' (Ready To Issue) status for plans is a major advantage, significantly reducing the time and cost typically associated with the permitting process for new builds.
Versatile Buyer Appeal: The property caters to both developers looking for a project and 'Forever Home' seekers aiming to build a custom residence, broadening its market appeal.
Generous Lot Size: With a 6100 sqft lot, there is ample space to build a substantial new home, which is a valuable asset in a dense urban area like Burbank.
Cons
Implied Demolition/Extensive Renovation: The strong emphasis on 'Build your dream home' and targeting 'Developers' suggests the existing 1946 structure is likely a tear-down or requires significant, costly renovation, rather than being move-in ready.
Lack of Existing Home Details: The absence of any description or features for the current 1946-built home indicates it is not a selling point and likely contributes little to the property's value beyond the land.
Significant Additional Investment Required: Beyond the purchase price, buyers should anticipate substantial additional costs for demolition (if applicable), design, permitting, and construction of a new home.