250 N First Street 415
Burbank, CA, 91502
$297,700
MLS: SR26024223
Beds
1
Baths
1
Sq Ft
630
Lot
1.93 ac
Year Built
2007
MLS #
SR26024223
Days on Market
44
Listed
Feb 3, 2026
Description
The Burbank Collection-Moderate Income Housing Opportunity (Income Verification Required). Ideally located in the heart of downtown Burbank, just steps to shops, cafés, theaters, and nightlife. This approx. 630 sq. ft. light-filled condo features an open layout, central A/C and heat, laundry hookups, 2 assigned garage tandem parking with storage, and patio access to one of three landscaped courtyards. Community amenities include a gym, pool, club house, BBQ. HOA covers basic DirecTV, water, trash, and gas. Buyer eligibility required through the City of Burbank: household size limited to three (3) persons with income limits as follows—1person: $74,850–$89,550; 2persons: $86,950–$102,300; 3persons: $99,050–$115,100 (income includes all occupants). The city considers the prospective buyer’s income to be the gross income plus 10% of the buyer’s total assets (savings, stocks, bonds, etc.). Final purchase price is determined by the City based on the qualified buyer’s actual income level. A minimum 5% down payment is required. First-time homebuyer and owner-occupant only. Information deemed reliable but not guaranteed.
Location
Burbank, Los Angeles County, CA 91502
Open on Google Maps ↗Listed by: Lena Sur · Best Realty & Investment, Inc.
Payment estimate
$2,368
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $29,770 · Loan: $267,930
- Principal & Interest
- $1,646
- Property tax (1.25%)
- $310
- Homeowners insurance
- $300
- Mortgage insurance
- $112
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $10,420 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.
Local Market Stats
See Burbank, CA 91502 market trends →
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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