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331 North Reese, Burbank, CA 91506

$1.4M3bd · 2ba · 1,921 sqft
Lot 6,746 sqft•Single Family Residence•
Active
•68d on market•MLS# BB-26142414

Property Description

Exceptional opportunity meets timeless charm. Perfectly situated on a quiet residential street in one of Burbank's desirable neighborhoods, this inviting property offers versatility, comfort, and incredible potential. With a spacious main residence, a detached back house, and a generously sized lot, this is a rare opportunity to own a property that accommodates a variety of lifestyles and future possibilities. The main home features 3 bedrooms and 2 bathrooms across approximately 1,921 square feet of living space, thoughtfully designed with a warm, traditional feel and a functional layout. Bright and inviting living areas create the perfect setting for everyday living and entertaining, while the cozy fireplace serves as a beautiful centerpiece, adding warmth and character to the home. Central air conditioning provides year-round comfort, making every season enjoyable. One of the property's most exciting features is the detached back unit, offering exceptional flexibility. Whether utilized as a guest house, private office, creative studio, workout space, or for multigenerational living (subject to buyer verification and local regulations), it adds tremendous value and endless possibilities. Set on a 6,746-square-foot lot, the expansive backyard is a true highlight. The outdoor space offers plenty of room for entertaining, gardening, creating a custom outdoor retreat, or simply enjoying Southern California's beautiful weather. The 2-car garage provides secure parking along with additional storage space, further enhancing the home's functionality. Located in the heart of Burbank, this property places you just minutes from highly regarded schools, neighborhood parks, popular restaurants, shopping centers, entertainment, and everyday conveniences, while still offering the peace and privacy of a quiet residential street. Its central location provides easy access to major studios, employment centers, freeways, and all that the surrounding area has to offer. Ideal for owner-occupants seeking flexibility, space, and long-term value, this property presents an exceptional opportunity in one of the San Fernando Valley's most sought-after communities. Some photos have been digitally enhanced.

Features & Amenities

FeeBuilt 1940

Property Details

Land Type
Fee
Year Built
1940
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
2
Cooling
Central Air
Flooring
Carpet, Laminate
Roof
Shingle
City
Burbank
Zip Code
91506
County
Los Angeles
Listed byUnknown Office, Henry Vega

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$7,079.16
Principal & Interest
Loan Amount
$1,120,000
Total Interest
$1,428,498
Total Payment Over 30 Years
$2,548,498
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

331 North Reese, Burbank, CA 91506

Burbank · Single Family Residence

$1.4M
Residential Tier
Beds
3
Baths
2
Sqft
1,921
Lot
6,746 sqft
Year
1940
$/Sqft
$729
Pool: No✓
Spa: No✓
Garage: 2-car✓

Listed in line with the median closed sale of $1,382,600.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.40M· $729/sqft
Total list price
Closed comps
vs closed median $1.38M
+$17K (+1.3%)
Active comps
vs active median $1.35M
+$52K (+3.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $762
−$33 (−4.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
210 NaomiBurbank1940321,9206,790$702$1.35M495
1221 Frederic StreetBurbank1939321,9007,875$684$1.30M1395
220 Reese PlaceBurbank1946321,9646,729$738$1.45M993
124 BeachwoodBurbank1938321,7506,752$906$1.58M3392
927 CordovaBurbank1939321,6885,500$781$1.32M991
Total: 5 · Average3.02.01,844.46,729.2$762.2$1.40M13.6
Median1,900$1.35M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2414 LamerBurbank194609/09/2026311,8566,530$1.25M$1.25M$6731.0012892
615 SparksBurbank194009/15/2026321,8556,680$1.53M$1.47M$7900.959791
2616 Buena Vista StreetBurbank195109/15/2026321,5986,308$1.40M$1.37M$8570.9810889
1436 FredericBurbank194109/14/2026331,8297,350$1.65M$1.60M$8750.975588
324 Brighton StreetBurbank193708/28/2026331,7886,750$1.30M$1.38M$7731.063188
Total: 5 · Average3.02.21,785.26,723.6$1.41M$1.41M$793.6—83.8
Median1,829$1.38M$1.38M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.