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505 N Griffith Park Dr, Burbank, CA 91506
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505 N Griffith Park Dr Burbank, CA 91506

$770,000 Sold Price as of 08/12/2021
  • 1 Beds
  • 1 Baths
  • 586 Sq.Ft.
Sold
$770,000 Sold Price as of 08/12/2021 Refinance Your Mortgage
Map preview of 505 N Griffith Park Dr, Burbank, CA 91506

Property Overview: 505 N Griffith Park Dr Burbank, CA has 1 bedrooms, 1 bathrooms, 586 living square feet and 3,651 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOCATION LOCATION!! GREAT DEVELOPMENT OPPORTUNITY AND INVESTORS DREAM. ZONED C-3. Located in the beautiful Magnolia Park of Burbank area. This desirable corner 3651sq. lot for mixed-use properties currently has a 587 sqft property 1 Bed 1 Bath single family home with a detached garage and a front buildable lot. Zone C-3, a fantastic investment opportunity to build your own business building(s), a production office, warehouse or a small free standing store front with another residential. Buyer to verify and perform any inspections necessary to satisfy themselves. Buyer must perform due diligence. Easy access to freeways, Burbank Airport, Downtown LA, and minuets to the Disney & Warner Studios!

Listed by Elvia Luna | BRE #01946715 | Beverly and Company, Inc.
Co-listed by Carmit Benbaruh | BRE #01926712 | Rodeo Realty
Last checked: 16 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
3,651
HOA Dues
$0/mo
Year built
1948
Garage
1 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SR21153552
City
Burbank
County
Los Angeles
Time on Site
1015 days

Property Details for 505 N Griffith Park Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • None, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • All Bedrooms Down
Kitchen Information
  • No Appliances
  • None
Bathroom Information
  • # of Baths (Full): 1
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Garage
  • No Attached Garage
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood, Trees/Woods
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 2449025010
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
  • Utilities: Electricity Connected, Natural Gas Available, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • Middle/Junior High School: David Starr Jordan M
  • Middle/Junior High School: DSJM
  • High School: Burroughs
  • High School: BURROU
  • High School District: Burbank Unified
Location / Neighborhood
Location Information
  • Directions: Corner to Magnolia between Buena Vista & Victory
Neighborhood Information
  • Community Features: Foothills, Park, Sidewalks, Street Lights
View more facts & features

Local Burbank Agent

Sale History for 505 N Griffith Park Dr

Last sold for $770,000 on August 12th, 2021

  • August, 2021

  • Aug 12, 2021

    Date

    Sold

    CRMLS: SR21153552

    $770,000

    Price

  • Aug 12, 2021

    Date

    Price Change

    CRMLS: SR21153552

    $770,000

    Price

  • Aug 4, 2021

    Date

    Pending

    CRMLS: SR21153552

    $785,000

    Price

  • Aug 2, 2021

    Date

    Active

    CRMLS: SR21153552

    $785,000

    Price

  • Aug 1, 2021

    Date

    Active Under Contract

    CRMLS: SR21153552

    $785,000

    Price

  • Jul 27, 2021

    Date

    Pending

    CRMLS: SR21153552

    $785,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: SR21153552

    $785,000

    Price

  • July, 2021

  • Jul 15, 2021

    Date

    Canceled

    CRMLS: SR21104000

    $690,000

    Price

  • Jul 11, 2021

    Date

    Hold

    CRMLS: SR21104000

    $690,000

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: SR21104000

    $690,000

    Price

  • Listing provided courtesy of CRMLS

    C-3 Location, Location, Location, Investors - Developers - Builders - Prime Burbank location, bring your buyers C-3 ZONE rare opportunity in Burbank, Desirable corner lot of 3,651 sqft lot, 587 sqft built 1BR, 1 Bath retro style fixer with detached garage, world of options with C-3 zone, mountains view, endless opportunities, build a home, offices, store or both and more, nearby Starbucks, coffee shops, Olive Ave Recreation Center, Walt Disney Headquarters, and more.

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Tax History for 505 N Griffith Park Dr

Assessed Value (2020): $561,816
Year Land Value Improved Value Assessed Value
2020 $447,372 $114,444 $561,816

Home Value Compared to the Market

This property vs the competition

505 N Griffith Park Dr sold on August 12, 2021 for 39.01% lower than the current median sold price for the city of Burbank which is $1,262,500. The median sold price per/sqft for Burbank is $739 and this home is sold at $1313.99 per/sqft which puts the price per square foot 77.81% higher than the current median sale per square foot for the city of Burbank.

About 505 N Griffith Park Dr

Detailed summary of property

505 N Griffith Park Dr is a mixed use that recently sold in Burbank, CA 91506. This mixed use property offered 1 bedrooms, 1 bathrooms, roughly 586 living square feet, and sits on an approximately 3,651 square foot lot. 505 N Griffith Park Dr was first listed on ArdentRealEstateGroup.com on July 15, 2021. The homeowner sold the property for $770,000. Home in Burbank are selling for a median price of $1,262,500 and a median price per square foot of $739. Based on Ardent Real Estate Group's Burbank Market Data, this home is sold 39.01% lower than the current median priced home. Local homes that are currently for sale include 8310 S Broadway, 1140 W 89th St and 5718 E Beverly Blvd. While the average home in Burbank, CA is selling in 65 days, 505 N Griffith Park Dr has a days on market of 20 days. There are currently 125 homes for sale in the Burbank real estate market and 96 of them are single family homes while 19 of them are condos and 10 are townhomes. For more information on this home for sale at 505 N Griffith Park Dr Burbank, CA 91506 contact Ardent Real Estate Group and we will put you in touch with one of our Burbank agents.

Public Facts for 505 N Griffith Park Dr

Public county record property details
Beds
1
Baths
1
Year built
1948
Sq. Ft.
586
Lot Size
3,625
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
111
APN
2449-025-010

The source for these homes facts are from public records.

91506 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,279,000
Median List Price/Sq.Ft.
$772
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
22
Median Sale to List Price %
99.61%
Avg Days on Market
14
Loan Type
Conventional (29.41%), FHA (0%), VA (0%), Cash (17.65%), Other (41.18%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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