An extraordinary opportunity begins with the land. Set on a rare and expansive 9,445 sq. ft. completely flat and fully usable lot in the coveted Burbank Hills, this property is a rare find in such a stunning location, offering exceptional space, privacy, and endless potential.The existing 2-bedroom, 1-bathroom home features a functional floor plan, a spacious living room, and good sized bedrooms, providing a comfortable foundation to enjoy now or enhance over time. However, the true value lies in the possibilities: this is an ideal canvas for those ready to put their vision into action and create a multi-story, custom dream home that fully capitalizes on the generous lot size and prime hillside setting.The property also includes a detached recreational structure, offering endless flexibility for a guest retreat, studio, gym, office space or a great opportunity to build an Accessory Dwelling Unit (ADU) – an additional source of rental income.Situated in a great neighborhood and surrounded by a peaceful, picturesque atmosphere, the property feels far away from the city’s busy streets, yet remains just minutes from Burbank’s finest restaurants, cafes, movie theaters, bars, shopping, malls, and top-rated schools.This is more than a home; it is a rare land opportunity, a blank canvas, with a chance to build something truly remarkable, or a lifestyle with a potential rental income in one of Burbank’s most desirable neighborhoods.
Property Details
Price:
$1,375,000
MLS #:
P1-25581
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Jan 24, 2026
Finished Sq Ft:
1,027
Lot Size:
9,445 sqft / 0.22 acres (approx)
Year Built:
1936
See this Listing
Schools
Interior
Appliances
DW, MW, RF, GR
Bathrooms
1 Full Bathroom
Cooling
CA
Heating
CF
Laundry Features
GAS, IK, IN
Exterior
Community Features
CRB, BIKI
Financial
Map
Community
- Address1023 E Elmwood AV Burbank CA
- CityBurbank
- CountyLos Angeles
- Zip Code91501
Subdivisions in Burbank
Market Summary
Current real estate data for Single Family in Burbank as of Feb 24, 2026
192
Single Family Listed
67
Avg DOM
442
Avg $ / SqFt
$950,799
Avg List Price
Property Summary
- 1023 E Elmwood AV Burbank CA is a Single Family for sale in Burbank, CA, 91501. It is listed for $1,375,000 and features 2 beds, 1 baths, and has approximately 1,027 square feet of living space, and was originally constructed in 1936. The current price per square foot is $1,339. The average price per square foot for Single Family listings in Burbank is $442. The average listing price for Single Family in Burbank is $950,799.
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1023 E Elmwood AV
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