532 N Reese Place, Burbank, California 91506, Burbank, 91506 - 3 bed, 2 bath

532 N Reese Place, Burbank, California 91506 home-pic-0
ACTIVE$1,225,000
532 N Reese Place, Burbank, California 91506
3Beds
2Baths
1,701Sqft
6,752Lot
Year Built
1946
Close
-
List price
$1.23M
Original List price
$1.48M
Price/Sqft
$720
HOA
-
Days on market
-
Sold On
-
MLS number
BB25114434
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.23M(38th), sqft - 1701(59th), beds - 3(50th), baths - 2(50th).

Price Improvement! Welcome to 532 N. Reese Place, an inviting Burbank gem on a quiet, tree-lined street in the heart of the city. This charming single-story home is set behind a handsome brick-and-iron fence and framed by mature shade trees, a manicured lawn, and vibrant garden beds bursting with color. Step inside to a bright and spacious living room with a classic brick fireplace, large picture windows, and warm natural light streaming in from the front porch. Original character meets timeless comfort with well-maintained finishes throughout, including a clean tile kitchen with ample cabinetry and a cozy dining nook that looks out over the garden. The home’s versatile layout includes a bonus step-down den with wood paneling, recessed lighting, and its own private entrance, perfect as a family room, home office, studio, or future ADU conversion (buyer to verify). An additional gravel space is located in the rear of the property with alleyway access. The backyard and side yard areas offer space for entertaining, gardening, or simply enjoying a quiet morning outdoors. With great curb appeal, generous interior space, and undeniable potential, 532 N. Reese Place is ready to welcome its next chapter.

Price History

Date
Event
Price
09/16/25
Price Change
$1,225,000-9.3%
08/01/25
$1,350,000
05/23/25
$1,475,000
Condition Rating
Fair

The property, built in 1946, exhibits 'original character' and 'well-maintained finishes' as described, but the visible kitchen and dining areas are significantly dated. The kitchen features older wood cabinets, tile countertops, and a drop ceiling, suggesting a renovation 20-40 years ago that now requires modernization. Flooring includes worn carpet and dated linoleum/vinyl. While functional and clean, the home requires minor to moderate updates to bring it to current aesthetic and quality standards, particularly in the kitchen and potentially bathrooms (not pictured but likely similar condition).
Pros & Cons

Pros

Prime Location: Situated on a quiet, tree-lined street in the heart of Burbank, offering a desirable and peaceful residential setting.
Strong Curb Appeal: Features a handsome brick-and-iron fence, mature shade trees, a manicured lawn, and vibrant garden beds, creating an inviting first impression.
Versatile Bonus Space: Includes a step-down den with a private entrance, ideal for use as a family room, home office, studio, or potential ADU conversion (buyer to verify).
Generous Outdoor Space & Alley Access: Offers backyard and side yard areas for entertaining or gardening, complemented by an additional gravel space with convenient alleyway access.
Significant Price Reduction: Recently benefited from a substantial price improvement, reducing the list price from $1.475M to $1.225M, enhancing its value proposition for buyers.

Cons

Age of Systems/Potential for Updates: Built in 1946, the property likely retains older systems (e.g., plumbing, electrical, HVAC) that may require future updates or replacement, despite well-maintained finishes.
Dated Kitchen: The description of a 'clean tile kitchen with ample cabinetry' suggests it is functional but may not meet the modern aesthetic and amenity expectations of many contemporary buyers.
Required Investment for Full Potential: While offering 'undeniable potential' and ADU conversion possibilities, realizing these opportunities will necessitate additional financial investment and effort from the buyer.

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