
331 North Reese, Burbank, CA 91506
331 North Reese, Burbank, CA 91506
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
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Burbank · Single Family Residence
Listed in line with the median closed sale of $1,382,600. Price per sqft ($703) is a 15% discount to closed comps ($831). Closed comps sold at 110% of list — strong seller's market. Comparable homes are moving quickly (avg 23 days on market).
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 220 Reese Place | Burbank | 1946 | 3 | 2 | 1,964 | 6,729 | $738 | $1.45M | 30 | 92 |
| 217 Griffith Park Drive | Burbank | 1943 | 3 | 2 | 1,780 | 6,848 | $786 | $1.40M | 5 | 90 |
| 210 Naomi | Burbank | 1940 | 3 | 2 | 1,920 | 6,790 | $702 | $1.35M | 25 | 88 |
| 611 Griffith Park | Burbank | 1938 | 3 | 3 | 1,925 | 6,291 | $662 | $1.27M | 18 | 87 |
| 435 Mariposa | Burbank | 1940 | 2 | 2 | 1,663 | 6,587 | $878 | $1.46M | 69 | 83 |
| Total: 5 · Average | 2.8 | 2.2 | 1,850.4 | 6,649 | $753.2 | $1.39M | 29.4 | |||
| Median | 1,920 | $1.40M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 504 Reese Place | Burbank | 1939 | 08/21/2026 | 3 | 2 | 1,570 | 6,751 | $1.18M | $1.46M | $929 | 1.23 | 31 | 93 |
| 321 Griffith Park Drive | Burbank | 1939 | 08/28/2026 | 2 | 1 | 1,467 | 6,749 | $969,500 | $1.16M | $791 | 1.20 | 32 | 86 |
| 324 Brighton Street | Burbank | 1937 | 08/28/2026 | 3 | 3 | 1,788 | 6,750 | $1.30M | $1.38M | $773 | 1.06 | 32 | 86 |
| 311 Shelton | Burbank | 1941 | 11/20/2025 | 3 | 3 | 1,880 | 6,751 | $1.38M | $1.38M | $731 | 1.00 | 0 | 84 |
| 405 Beachwood | Burbank | 1941 | 02/04/2026 | 3 | 2 | 1,629 | 6,752 | $1.48M | $1.52M | $933 | 1.03 | 21 | 82 |
| Total: 5 · Average | 2.8 | 2.2 | 1,666.8 | 6,750.6 | $1.38M | $1.38M | $831.4 | — | 23.2 | ||||
| Median | 1,629 | $1.38M | $1.38M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.