506 North Shelton Street, Burbank, CA 91506
506 North Shelton Street, Burbank, CA 91506
Property Description
Unique Burbank property with two legal, detached homes on one 6,750 sq ft lot, providing flexibility for both owner-users and investors. 508 Shelton is a City-permitted, 1,326 sq ft second dwelling unit completed in 2023, offering 2 bedrooms, 3 bathrooms, a large kitchen and dining area, and an upstairs living room with a wet bar. Owned solar and split-system heating and cooling serve this residence, and it is wired throughout with Cat-6 Ethernet. The front home at 506 Shelton is a 1,026 sq ft residence with 2 bedrooms, 1 bathroom, hardwood floors, and central heat and air. The property has great on-site parking, including a large driveway and two-car garage. Additional exterior features include water-wise landscaping, paving stones, and a backyard pergola. Occupy one and rent the other, accommodate extended family, or consider the property for dual rental use.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Burbank · Single Family Residence
Listed in line with the median closed sale of $1,459,000. Price per sqft ($627) is a 23% discount to closed comps ($818). Closed comps sold at 105% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 331 Reese | Burbank | 1940 | 3 | 2 | 1,921 | 6,746 | $703 | $1.35M | 13 | 83 |
| 220 Reese Place | Burbank | 1946 | 3 | 2 | 1,964 | 6,729 | $738 | $1.45M | 30 | 82 |
| 217 Griffith Park Drive | Burbank | 1943 | 3 | 2 | 1,780 | 6,848 | $786 | $1.40M | 5 | 77 |
| 430 Parish Place | Burbank | 2006 | 5 | 6 | 2,600 | 6,750 | $652 | $1.70M | 53 | 74 |
| 405 Brighton | Burbank | 1924 | 4 | 3 | 1,732 | 5,653 | $895 | $1.55M | 26 | 72 |
| Total: 5 · Average | 3.6 | 3.0 | 1,999.4 | 6,545.2 | $754.8 | $1.49M | 25.4 | |||
| Median | 1,921 | $1.45M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 311 Shelton | Burbank | 1941 | 11/20/2025 | 3 | 3 | 1,880 | 6,751 | $1.38M | $1.38M | $731 | 1.00 | 0 | 83 |
| 743 Sparks St | Burbank | 1952 | 10/19/2026 | 3 | 2 | 1,658 | 5,831 | $1.38M | $1.36M | $820 | 0.99 | 73 | 82 |
| 1207 Orange Grove Avenue | Burbank | 1948 | 07/01/2026 | 3 | 4 | 1,887 | 5,976 | $1.50M | $1.47M | $779 | 0.98 | 121 | 81 |
| 504 Reese Place | Burbank | 1939 | 08/21/2026 | 3 | 2 | 1,570 | 6,751 | $1.18M | $1.46M | $929 | 1.23 | 31 | 80 |
| 1625 Chandler Boulevard | Burbank | 1946 | 12/30/2025 | 3 | 2 | 1,776 | 5,388 | $1.43M | $1.48M | $831 | 1.03 | 24 | 78 |
| Total: 5 · Average | 3.0 | 2.6 | 1,754.2 | 6,139.4 | $1.43M | $1.43M | $818 | — | 49.8 | ||||
| Median | 1,776 | $1.46M | $1.46M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.