ActiveResidential · sale

305 N Lomita

Burbank, CA 91506

$999,000

  • 3 beds
  • 1 baths
  • 1,100 sq ft
  • 0.16 acres
  • Built 1947

Listed by Coldwell Banker Hallmark · MLS #GD26240570

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

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305 N Lomita, Burbank, CA 91506 · MLS #GD26240570

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Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Enjoy outdoor living on the Trex deck, which offers inviting spaces to relax or entertain.

Year built

Built in 1947.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Tucked away in a quiet, desirable location, this home offers a wonderful blend of comfort, convenience, and future potential. Ideally situated near the popular Chandler Bikeway, major entertainment studios, shopping, and local dining, you'll enjoy easy access to the many amenities that make Burbank such a sought-after place to call home.



Inside, you'll find hardwood floors, recessed lighting, and ceiling fans for added comfort. The front bedroom features a charming bay window that brings in natural light and adds character. The kitchen offers the convenience of a pantry for additional storage. Enjoy outdoor living on the Trex deck, which offers inviting spaces to relax or entertain.



Energy efficiency is another highlight of this home. Improvements include dual-pane windows (excluding the kitchen and bathroom), a high-efficiency 26 SEER-rated HVAC system, insulated recessed ceiling lights to help reduce heat transfer from the attic, a tankless water heater, and upgraded attic insulation. The roof features ENERGY STAR-rated cool-roof shingles, along with a radiant barrier installed between the wood and shingles to help reduce heat absorption.



Adding exceptional value, the property comes with architectural plans for a proposed approximately 460-square-foot ADU, creating an exciting opportunity for additional living space, rental income, extended family, or a private home office. The proposed ADU features one bedroom, one bathroom, a living room, and a kitchen. Approximately $8,000 has been invested in preparing the plans. Previously submitted permits have expired and will need renewal.



The garage also features a Level 2 EV charger, adding convenience for today's electric vehicle owners.



A wonderful opportunity to enjoy the Burbank lifestyle while taking advantage of energy-conscious improvements and the potential to expand, generate rental income, and make this property your own!
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Upcoming open houses

–9:00 pm · Confirm the schedule with the listing team.

–9:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

305 N Lomita, Burbank, CA 91506

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1947
Full baths
1
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,GasOven,TanklessWaterHeater
Flooring
Wood
Fencing
Vinyl,Wood
Pool
No
Pool features
None
Spa
No
Parcel
2446003019
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$4,162.50
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #GD26240570 · California Regional MLS

Listing brokerage: Coldwell Banker Hallmark
Listing agent: Phyllis Harb

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.