It's not the Big Apple, but Burbank real estate has some shine
Could Burbank housing deals be in the cards now that the ink is dry on NBC’s nearly $33-million severance agreement with ousted “The Tonight Show” host Conan O’Brien?
There's been no word if an exodus to the Big Apple is in the works for Conan and the 190 staffers who will divvy up $12 million in severance; nearly 70 of the show's staff members followed Conan from New York to Universal City for the late-night talker’s June 1, 2009, debut.
Candy Peak, broker-owner of PEAK Premier Properties in Burbank, who has been selling real estate in the Burbank-Glendale areas for 21 years, said her two most recent sales illustrate the strength of the market only a short commute away from NBC Studios.
1644 N. Naomi St.
Listed at $439,000, this three-bedroom, 1 3/4-bathroom single-family home was built in 1943 in 1,174 square feet and sold on a short sale in September for $450,000 with multiple offers. “It was a cute home in a good location with an affordable price. People were excited about it,” Peak said.
1816 N. Niagara St.
When the seller’s nest emptied, she decided to make a fresh start in Oregon and listed her three-bedroom, 1 3/4-bathroom traditional single-family home for $511,000. The home was built in 1939 in approximately 1,549 square feet and sold in August for $525,000. “I had at least five offers on this property,” Peak said. “This demonstrates the continued desirability of Burbank.”
Conan's digs are a little more upscale: a six-bedroom, 8.5-bathroom compound in Brentwood that he picked up in 2008 for roughly $10.5 million. But if the red-haired, late-night jokester wants to spend some of that severance on a pied-a-terre in the neighborhood of his onetime employer, there are plenty of million-dollar-plus homes in the hills above Burbank. Here are two with a view:
Listed at $2.2 million on Redfin.com, this newly built Mediterranean is close to Sunset Canyon in the Burbank hills and has five bedrooms and 5.5 bathrooms in 4,500 square feet of space and features Brazilian cherry hardwood floors, four private master suites with balcony terraces and bathrooms decorated with stone and Venetian plaster.3338 Clifden Lane
Listed at $1.695 million on Realtor.com, this two-story, six-bedroom, 6.5 bathroom Mediterranean-style hilltop home was built in 1999 and has 4,270 square feet and a waterfall pool.
For readers still waiting for a late-night windfall, here’s a fast take on a few additional NBC-adjacent buys.745 N. Reese Place
Listed at $439,000 by Dilbeck Realtors in Burbank, this two-bedroom (the assessor record shows three bedrooms, but there are two), one-bathroom, single-family home was built in 1945 and has 1,375 square feet on a corner lot located close to the Chandler bike path and features a covered patio, fireplace, workshop, laundry area and two-car detached garage. Laureen Endoso, a sales associate with Dilbeck Realtors, said, “Reese is a very unique-character home and has great potential. It’s perfect for creative studio types. Burbank is like the best-kept secret in the San Fernando. People love it because of the location.”8852 Helen Ave.
Listed at $399,000 by Dilbeck Realtors in Burbank, this two-bedroom, 1 3/4-bathroom single-family horse property in Sun Valley was built in 1953 and has 1,294 square feet on almost half an acre (20,373 square feet) and features an enclosed patio, a pool, a deck, a barn, and horse stalls and fruit trees. Listing agent Endoso said, “Helen Avenue is ready for cowboys. It’s on a huge lot and is a great buy for the money.”
Listed at $519,915 on Feb. 1 by Burbank-based Brad Korb’s RE/MAX in Action team, this family trust liquidation is in tony Toluca Woods. The traditional mid-century retro home was built in 1949 and features three bedrooms and one bathroom in 1,121 square feet with a hilltop view. “Toluca Woods is location, location, location; and it is rare to find a home that has the original retro Art Deco features,” said Korb, who has been selling real estate in the Burbank-Glendale areas for 30 years. Can’t stand the thought of leaving Grandma behind? Check out the sister property linked to the same family trust below.
Listed at $479,974 Feb. 1 on Realtor.com, this two-bedroom, one-bathroom was built in 1939 and features a traditional style in 892 square feet with a cool mid-century retro look on a corner lot.
Listed at $629,926 on Realtor.com on Jan. 25, this three-bedroom, two-bathroom single-story hilltop home was built in 1950 and has 1,448 square feet and a city view. “This is a great price for a home in the Burbank hills,” listing broker Korb said.
-- Michelle Hofmann