tomo logo

$1,150,000

Beds
3
Baths
1.5
sq ft
1,050

421 W Valencia Ave, Burbank, CA 91506

421 W Valencia Ave

Burbank, CA 91506

  • 13 days on market
Situated on a generously sized lot in the heart of Burbank, this updated 3-bedroom, 1.5-bathroom home presents a unique opportunity for first time buyers or investors looking for rental income. For first-time buyers, this is a great starter home. The expansive lot offers the potential to extend the main house, allowing for personalized customization to suit growing needs. Investors will appreciate the property's potential for expansion and income generation. The expansive property offers the potential to construct a second dwelling and add an Accessory Dwelling Unit (ADU), allowing for up to three units on the lot—a fantastic way to generate rental income. The residence features stylish laminate floors throughout, creating a modern and cohesive look. The full kitchen provides ample space for cooking and entertaining, while the convenience of in-home laundry adds to the comfort of everyday living. Each bedroom is spacious with generous closet space, providing plenty of storage options. Natural and recessed lighting throughout the home creates a bright and welcoming atmosphere. The beautiful backyard is perfect for relaxing, gardening, or hosting gatherings. Whether you are a first time buyer or investor, this property gives you many options to meet your needs!

Details

Property type

Single Family Residence

Est. home value

$1,020,101

Lot size

7,550 sq ft

Price per sq ft

$1,096

Year built

1936

HOA

No

Price History

03/20/2025
CRMLS

CRMLS #GD25058399

Listed
$1,150,000
+7.48%
10/10/2023
CRMLS

CRMLS #SR23147428

Sold
$1,070,000
+27.68%
12/30/2021
CRMLS

CRMLS #BB21261289

Sold
$838,000

Schools & Community

Neighborhood: 

Rancho

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban, Sidewalks

High school district: 

Burbank Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$268,041
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$789,959
Cash to seller
$268,041

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

September 2023

Original loan amount

$802,500

Est. remaining balance

$789,959

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Anna Aghabekyan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 4:15 AM

Listing updated: 03/30/2025 at 6:05 PM

Listed by: Mike Babakhanyan, JohnHart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #GD25058399

CRMLS logo

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