1532 N Ontario Street, Burbank, California 91505, Burbank, 91505 - 5 bed, 3 bath

1532 N Ontario Street, Burbank, California 91505 home-pic-0
ACTIVE$1,195,000
1532 N Ontario Street, Burbank, California 91505
5Beds
3Baths
1,249Sqft
6,690Lot
Year Built
1938
Close
-
List price
$1.2M
Original List price
$1.29M
Price/Sqft
$957
HOA
-
Days on market
-
Sold On
-
MLS number
TR25045967
Home ConditionPoor
Features
Spa
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(56th), sqft - 1249(41th), beds - 5(97th), baths - 3(77th).

Welcome to 1532 N Ontario St, Burbank, CA – A Diamond in the Rough with Tremendous Potential! This unique property offers an exciting opportunity to complete and customize your dream home. The main house, currently under construction, is designed with 2 bedrooms and potentially 2 baths, awaiting your finishing touches. It’s a blank canvas ready for someone to make it their own. Attached to the main house is a spacious junior studio ADU, offering ample space and designed for a large kitchen and bathroom—perfect for a guest suite or additional rental income. In addition, there’s a detached 2-bedroom, 1-bathroom ADU at the back of the property, featuring some updates throughout. This unit has its own access to the expansive backyard, which boasts a built-in BBQ entertainers’ area ready to be revitalized, as well as a working spa, offering a great space for relaxation and entertainment. The large yard also provides plenty of room for customization, whether you want to add a garden, a pool, or create your own outdoor oasis. Situated in a desirable neighborhood, this property presents fantastic income potential with its multiple living spaces, all while being just minutes away from local parks, schools, shopping centers, and dining options. Key Features: Main House: 2 Bedrooms, 2 Bathrooms (Ready for Interior Completion) Junior Studio ADU: Spacious Design with Large Kitchen & Bathroom (Ready for Interior Completion) Detached 2-Bedroom, 1-Bathroom ADU with Updates Expansive Backyard with Built-In BBQ & Entertainer’s Area Working Spa & Room to Customize Income Potential Prime Location: Close to Parks, Schools, Shopping & Dining Bring your vision and creativity to this incredible property—it’s an ideal opportunity for homeowners, investors, or anyone looking to craft a one-of-a-kind living space in the heart of Burbank!

Price History

Date
Event
Price
10/15/25
Price Change
$1,195,000-7.7%
03/02/25
Listing
$1,295,000
Condition Rating
Poor

The property, built in 1938, is largely 'under construction' and 'awaiting finishing touches' for the main house and junior studio ADU, as explicitly stated in the description and confirmed by images showing unfinished interiors (drywall, no fixtures, no flooring). This means a significant portion of the property is not move-in ready and requires substantial completion work. While the detached 2-bedroom ADU appears to have some updates, including a modern bathroom and a functional kitchen with white appliances and laminate flooring, its condition does not elevate the overall property score beyond 'Poor' given the extensive work needed on the primary living spaces. The property is not unsafe to the point of demolition, but it is far from comfortable or fully functional in its current state.
Pros & Cons

Pros

High Income & Multi-Generational Potential: Features multiple independent living units (main house, junior studio ADU, detached 2-bed ADU), offering significant rental income or flexible multi-generational living options.
Desirable Burbank Location: Situated in a prime Burbank neighborhood, providing convenient access to local amenities, parks, schools, shopping, and dining.
Customization & Value-Add Opportunity: The unfinished main house acts as a blank canvas, allowing the buyer to complete and personalize the space, adding significant value.
Expansive Outdoor Entertainment Space: Boasts a large, customizable backyard with a working spa and a built-in BBQ area, perfect for relaxation and entertaining.
Flexible Property Configuration: The presence of three distinct living spaces caters to various needs, from owner-occupancy with rental income to multi-family arrangements.

Cons

Substantial Completion & Investment Required: The main house is unfinished and under construction, necessitating considerable additional financial investment and project management from the buyer.
Listed Above Market Estimate: The property's current asking price is notably higher (approximately 19%) than its estimated market value, which may impact buyer interest and negotiation leverage.
Overall 'As-Is' Condition & Renovation Scope: Described as a 'diamond in the rough,' the property implies a broader scope of renovation and revitalization needed beyond just the main house, including the backyard amenities, potentially leading to unforeseen costs.

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