849 N Lima Street
Burbank, CA, 91505
$1,500,000
MLS: 26713401
Beds
4
Baths
3
Sq Ft
1,940
Lot
0.16 ac
Year Built
1937
MLS #
26713401
Days on Market
8
Listed
Apr 14, 2026
Description
Welcome to this beautifully remodeled home in the highly sought-after Magnolia Park neighborhood of Burbank. Located within the desirable Roosevelt Elementary and Burroughs High School district, this property blends charm, comfort, and convenience in one of the city's most beloved communities.The main residence offers 3 bedrooms and 2 bathrooms across approximately 1,540 square feet of thoughtfully updated living space and studio ADU with full bath with an additional 400 sq ft. A welcoming front porch sets the tone, ideal for morning coffee or unwinding in the evening while connecting with neighbors. Inside, the inviting living room features a light-filled bay window and a cozy gas fireplace, creating the perfect setting for both relaxing and entertaining. New solid maple floors complement the home's modern upgrades throughout. The newly renovated kitchen showcases dual-tone cabinetry, quartz countertops, and a clean, contemporary design. Both bathrooms have been tastefully remodeled, while the spacious primary suite overlooks the backyard, offering a peaceful retreat.The property's detached ADU has its own address, complete with a full kitchen, full bathroom, and loft ideal for guests, rental income, or a private office.Situated on a generous 7k sq ft lot, the expansive backyard offers endless possibilities for entertaining, relaxing, or future expansion. A detached storage shed adds valuable additional storage.Ideally located just one block from the Chandler Bike Path and moments from local favorites like Handy Market, Porto's Bakery, Verdugo Aquatic Center and Park, as well as Warner Bros. and Disney Studios, this home truly offers the best of Burbank living.
Location
Burbank, Los Angeles County, CA 91505
Open on Google Maps ↗Listed by: Kristin Neithercut · Compass
Payment estimate
$10,720
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $150,000 · Loan: $1,350,000
- Principal & Interest
- $8,295
- Property tax (1.25%)
- $1,563
- Homeowners insurance
- $300
- Mortgage insurance
- $563
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 $52,500 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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