$1,375,000
Est. $7,700/mo1023 E Elmwood Avenue, Burbank, CA 91501
About this home
An extraordinary opportunity begins with the land. Set on a rare and expansive 9,445 sq. ft. completely flat and fully usable lot in the coveted Burbank Hills, this property is a rare find in such a stunning location, offering exceptional space, privacy, and endless potential.The existing 2-bedroom, 1-bathroom home features a functional floor plan, a spacious living room, and good sized bedrooms, providing a comfortable foundation to enjoy now or enhance over time. However, the true value lies in the possibilities: this is an ideal canvas for those ready to put their vision into action and create a multi-story, custom dream home that fully capitalizes on the generous lot size and prime hillside setting.The property also includes a detached recreational structure, offering endless flexibility for a guest retreat, studio, gym, office space or a great opportunity to build an Accessory Dwelling Unit (ADU) - an additional source of rental income.Situated in a great neighborhood and surrounded by a peaceful, picturesque atmosphere, the property feels far away from the city's busy streets, yet remains just minutes from Burbank's finest restaurants, cafes, movie theaters, bars, shopping, malls, and top-rated schools.This is more than a home; it is a rare land opportunity, a blank canvas, with a chance to build something truly remarkable, or a lifestyle with a potential rental income in one of Burbank's most desirable neighborhoods.
infoProperty Facts
Bedrooms
2
Bathrooms
1
Square Feet
1,027
Lot Size
9,445 sqft
Year Built
1936
Property Type
Single Family Residence
Days on Market
15
HOA Fee
N/A
Garage Total
0
MLS #
P1-25581
chairInterior Details
General Interior
Fireplace
Gas Starter, Living Room
Kitchen & Appliances
Appliances
Dishwasher, Gas Range, Microwave, Refrigerator
Laundry
Gas Dryer Hookup, Inside, In Kitchen
Climate Control
Cooling
Central Air
Heating
Central
garageParking
Parking Features
Driveway
deckExterior & Lot
Building & Construction
Patio & Porch
Porch
Fencing
Block, Wire
Lot & Grounds
Lot Features
Sprinklers None
Sewer
Public Sewer
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Biking, Curbs
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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