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Foreclosure
  • Listed by: Enrique Henry Vega Jr. Broker • Henry Vega • Contact: 323-833-6466
    Est. $1,300,000

    331 N Reese Pl, Burbank, CA 91506

    3beds
    1,921sqft
    Single Family Residence
    Built in 1940
    6,746 Square Feet Lot
    $1,368,600 Zestimate®
    $677/sqft
    $-- HOA

    Overview

    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 5 bedrooms and 3 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 house, 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. Whether you're looking for a move-in-ready home with room to personalize or a property with income and expansion potential, it offers the perfect combination of location, versatility, and lasting appeal. This is a unique opportunity to own a property that truly stands out in today's market.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Henry Vega DRE #01765081 323-833-6466,

    Enrique Henry Vega Jr. Broker

    Source: CRMLS,MLS#: BB26142414MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 3
      • Main level bedrooms: 5
      Rooms
      • Room types: Bedroom, Den, Kitchen, Laundry, Living Room, Primary Bedroom
      Primary bedroom
      • Features: Main Level Primary
      Bedroom
      • Features: All Bedrooms Down
      Bathroom
      • Features: Dual Sinks, Tile Counters, Tub Shower
      Kitchen
      • Features: Tile Counters
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
      • Laundry: Washer Hookup, Gas Dryer Hookup, Outside
      Features
      • Ceiling Fan(s), Recessed Lighting, Tile Counters, All Bedrooms Down, Main Level Primary
      • Flooring: Carpet, Laminate
      • Windows: Blinds
      • Has fireplace: Yes
      • Fireplace features: Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 1,921 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Door-Single, Garage
      • Garage spaces: 2
      • Uncovered spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Front
      • Patio & porch: Concrete, Patio, Porch
      • Pool features: None
      • Spa features: None
      • Fencing: None
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 6,746 Square Feet
      • Features: 0-1 Unit/Acre, Rectangular Lot
      Details
      • Parcel number: 2447017024
      • Special conditions: Real Estate Owned

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional,Patio Home
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Repairs Major
      • New construction: No
      • Year built: 1940

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Urban
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Senior community: Yes
      Location
      • Region: Burbank

      Financial & listing details

      • Price per square foot: $677/sqft
      • Tax assessed value: $209,035
      • Annual tax amount: $2,599
      • Date on market: 7/30/2026
      • Listing terms: Cash,Conventional,FHA,Submit,VA Loan
      • Road surface type: Paved

        Foreclosure details

        Estimated market value

        $1,368,600

        $1.30M - $1.44M

        $2,337/mo

        Price history

        DateEventPrice
        4/13/2025Listed for rent$925-74.3%
        Source: Zillow Rentals Report a problem
        5/9/2017Listing removed$3,600$2/sqft
        Source: Century Property Management #eps-1376154461-1492637801 Report a problem
        4/19/2017Listed for rent$3,600$2/sqft
        Source: Zillow Rental Manager Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,599 +4.1%$209,035 +2%
        2024$2,497 +1%$204,937 +2%
        2023$2,472 +4.5%$200,920 +2%
        2022$2,366 +0.9%$196,981 +2%
        2021$2,344 +1.2%$193,120 +1%
        2020$2,318 $191,141 +2%
        2019$2,318 +9.4%$187,394 +2%
        2018$2,119 $183,720 +2%
        2017$2,119 +2.2%$180,119 +2%
        2016$2,073 +4.2%$176,589 +1.5%
        2015$1,990 +1.9%$173,937 +2%
        2014$1,953 $170,531 +2.5%
        2012-- $166,433 +2%
        2011-- $163,171 +0.8%
        2010-- $161,952 +5.5%
        2009-- $153,457 +2%
        2008-- $150,449 +2%
        2007-- $147,500 +2%
        2006-- $144,608
        2005-- $144,608 +4%
        2004-- $138,995 +1.9%
        2003-- $136,448 +2%
        2002-- $133,774 +4%
        2000-- $128,581
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 91506

        Getting around

        82 / 100
        Very Walkable
        39 / 100
        Some Transit
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Glenoaks
        • Middle: Toll
        • High: Burbank

        Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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