Property Detail

1023 Elmwood

Burbank CA 91501

$1,375,000

Status: Active

Property Details

Description

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.

Map Location

Listing provided courtesy of Marianna Manukyan of Berkshire Hathaway HomeServices Crest Real Estate. Last updated 2026-02-06 09:15:38.000000. Listing information © 2025 CRMLS.

Quinten Sharp

Quinten Sharp

DRE# 00973844
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