421 W Valencia Avenue, Burbank, California 91506, Burbank, 91506 - 3 bed, 2 bath

421 W Valencia Avenue, Burbank, California 91506 home-pic-0
ACTIVE$1,100,000
421 W Valencia Avenue, Burbank, California 91506
3Beds
2Baths
1,050Sqft
7,550Lot
Year Built
1936
Close
-
List price
$1.1M
Original List price
$1.15M
Price/Sqft
$1,048
HOA
-
Days on market
-
Sold On
-
MLS number
GD25058399
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.10M(23th), sqft - 1050(8th), beds - 3(50th), baths - 2(50th).

Situated on a generously sized lot in the heart of Burbank, this updated 3-bedroom, 1.5-bathroom home presents a unique opportunity for first time buyers or investors looking for rental income. For first-time buyers, this is a great starter home. The expansive lot offers the potential to extend the main house, allowing for personalized customization to suit growing needs. Investors will appreciate the property's potential for expansion and income generation. The expansive property offers the potential to construct a second dwelling and add an Accessory Dwelling Unit (ADU), allowing for up to three units on the lot—a fantastic way to generate rental income. Currently, there are RTI plans to build a 537 sq. ft. ADU. The residence features stylish laminate floors throughout, creating a modern and cohesive look. The full kitchen provides ample space for cooking and entertaining, while the convenience of in-home laundry adds to the comfort of everyday living. Each bedroom is spacious with generous closet space, providing plenty of storage options. Natural and recessed lighting throughout the home creates a bright and welcoming atmosphere. The beautiful backyard is perfect for relaxing, gardening, or hosting gatherings. Whether you are a first time buyer or investor, this property gives you many options to meet your needs!

Condition Rating
Good

This 1936-built home has undergone significant and tasteful updates, making it move-in ready. The kitchen features modern white shaker cabinets, stainless steel appliances, and a subway tile backsplash, indicating a recent renovation. Both bathrooms also appear updated with modern vanities and tiling. Stylish laminate flooring extends throughout the home, complemented by recessed lighting. While the property's original build year is 1936, the extensive renovations, likely within the last 5-15 years, bring its condition up to a 'Good' standard, requiring no immediate major repairs or updates.
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 = 7550, living area = 1050.
ADU Development Potential with RTI Plans: The property offers significant value-add with ready-to-issue plans for a 537 sq. ft. ADU, enabling income generation or multi-generational living.
Generously Sized Lot: The expansive 7550 sqft lot provides ample space for extending the main house, gardening, outdoor entertaining, and future development.
Versatile Buyer Appeal: Positioned as both a 'great starter home' for first-time buyers and an 'income generation' opportunity for investors, broadening its market reach.
Updated Interior Aesthetics: Features like stylish laminate floors, natural and recessed lighting, and spacious bedrooms with generous closet space offer a modern and comfortable living environment.
Desirable Burbank Location: Situated 'in the heart of Burbank,' the property benefits from a prime location known for its community, amenities, and potential for city lights views.

Cons

Limited Bathroom Count: With 1.5 bathrooms for a 3-bedroom home, the property may not meet the needs of larger families or those desiring more modern bathroom-to-bedroom ratios.
Modest Main House Square Footage: The 1050 sqft main residence is relatively small, which could be a constraint for buyers seeking more expansive living areas, despite the large lot.
Recent Price Reduction and Market Time: The property's price reduction from $1.15M to $1.1M and its time on market since March 2025 could suggest initial overpricing or challenges in attracting offers at its current valuation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state