504 N Reese Place
Burbank, CA, 91506
$1,184,888
MLS: GD26158161
Beds
3
Baths
2
Sq Ft
1,570
Lot
0.15 ac
Year Built
1939
MLS #
GD26158161
Days on Market
11
Listed
Jul 20, 2026
Description
More Than a Home—A Lifestyle! Welcome to this charming Magnolia Park residence offering the perfect blend of comfort, character, and versatility. The main home features 3 bedrooms, 1 beautifully updated bathroom vanity, and approximately 1,570 sq. ft. of living space (taped). Designed with an open-concept floor plan and abundant natural light, the home offers a spacious living room and dining area, along with a separate family room with a cozy fireplace, creating an ideal setting for both entertaining and everyday living. Hardwood floors, plantation shutters, and timeless finishes enhance the home's warm and inviting atmosphere. Adding exceptional value is the approximately 275 sq. ft. detached studio (taped), with its own bathroom and small kitchenette. This versatile space is ideal for a home office, creative studio, gym, guest retreat, or flex space. The well-appointed kitchen features abundant cabinetry, great counter space, and a breakfast bar overlooking the main living areas. Recent improvements include an updated electrical panel, updated sewer line, new water heater, and central heating and air conditioning, providing comfort and peace of mind for years to come. An attached one-car garage plus additional driveway parking adds everyday convenience. Enjoy Southern California living from the inviting front brick porch or entertain year-round in the private backyard featuring a large covered patio, lush landscaping, mature fruit trees, and spacious lawn areas perfect for family gatherings. Ideally located in the highly sought-after Magnolia Park neighborhood, this home is just minutes from Downtown Burbank, Toluca Lake, Warner Bros., Disney, Universal Studios, shopping, fine dining, parks, and convenient transportation, freeway access offering the best of Burbank living.
Location
Burbank, Los Angeles County, CA 91506
Open on Google Maps ↗Listed by: Edwin Ordubegian · Coldwell Banker Hallmark
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$8,853
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $118,489 · Loan: $1,066,399
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,874
- Property tax (1.25%)
- $1,234
- Homeowners insurance
- $300
- Mortgage insurance
- $444
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 Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
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 $41,471 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.
Similar Homes Nearby
Active and pending listings in ZIP 91506 (Burbank)within ±10% of this home's price and size.
$1,095,000
427 S Orchard Drive
Burbank, 91506
$1,125,000
1207 S Chavez
Burbank, 91506
$1,175,000
636 N Lamer Street
Burbank, 91506
$1,199,990
102 Sorrel Court
Burbank, 91506
$1,225,500
107 Sorrel Court
Burbank, 91506
$1,290,000
347 W Spazier Avenue
Burbank, 91506
Local Market Stats
See Burbank, CA 91506 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
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.