1141 N Lima Street
Burbank, CA, 91505
(No pictures available yet)
$1,599,999
MLS: GD26085969
Beds
5
Baths
3
Sq Ft
2,099
Lot
0.10 ac
Year Built
1938
MLS #
GD26085969
Days on Market
14
Listed
Apr 27, 2026
Description
Welcome to an exceptional Magnolia Park residence where timeless charm meets modern luxury in one of Burbank’s most sought-after neighborhoods. Thoughtfully reimagined and beautifully remodeled, this Art Deco–inspired home offers a rare blend of elegance, versatility, and income potential—perfect for today’s dynamic lifestyle. Spanning approximately 2,099 square feet, this property features a stunning main residence complemented by a fully permitted, private ADU—creating an ideal setup for multigenerational living, guest accommodations, or additional rental income. Inside, this stunning main home welcomes you with sunlit interiors, rich hardwood flooring, and an effortless open-concept layout designed for both everyday comfort and elevated entertaining. The chef’s kitchen is a true centerpiece, showcasing sleek quartz countertops, stainless steel appliances, and a spacious breakfast bar that seamlessly connects to the dining and living areas. The primary suite offers a serene retreat, complete with a walk-in closet and a spa-inspired ensuite bath featuring designer finishes and a walk-in shower. Thoughtful details such as crown molding, archways, recessed lighting, and custom touches throughout create a sense of refined sophistication while maintaining warmth and livability. Step outside to beautifully designed outdoor spaces where French doors open to inviting patios, lush landscaping, and multiple areas for entertaining, relaxing, or enjoying Southern California’s year-round sunshine. The New detached ADU is equally impressive, offering its own private entrance, full kitchen, spacious living area, and modern finishes—an incredible opportunity for passive income or flexible living arrangements. Extensive upgrades—including all new copper plumbing, new sewer lines to city connection, new electrical systems, energy-efficient features, and EV charging—ensure peace of mind while delivering modern convenience. Located in the highly desirable Roosevelt Elementary district and moments from parks, shopping, dining, and the beloved Chandler Bike Path, this home perfectly balances neighborhood charm with urban accessibility. Whether you're looking to grow your family, invest wisely, or simply enjoy elevated everyday living, this is a rare opportunity to own a truly turnkey property in the heart of Magnolia Park.
Location
Burbank, Los Angeles County, CA 91505
Open on Google Maps ↗Listed by: Ara Bahadrian · Remax Optima
Payment estimate
$11,678
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $160,000 · Loan: $1,439,999
- Principal & Interest
- $9,111
- Property tax (1.25%)
- $1,667
- Homeowners insurance
- $300
- Mortgage insurance
- $600
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Burbank home with as little as 3.5% down using an FHA loan — roughly $56,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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