2414 N Lamer First time on the market in 40 years! An exceptional opportunity in one of Burbank's most desirable hillside neighborhoods, just above Glenoaks Blvd. Situated on a quiet, pride-of-ownership street, this property offers a rare combination of immediate income potential and long-term upside. The property features a 3 bed, 1 bath main home plus a fully separate, move-in ready 1 bed, 1 bath permitted guest house, remodeled in 2022. The guest house is thoughtfully updated with vinyl flooring, porcelain countertops, a kitchenette with ample cabinet space and a refrigerator, a comfortable living area, walk-in closet, and dinette space. This guest house is ideal for rental income, extended family, or living on-site while enhancing the main residence. The main home is fully livable and offers solid fundamentals, including a remodeled bathroom (2022), plantation like shutters, a fireplace, and real hardwood flooring in the kitchen. There is also believed to be hardwood flooring beneath the existing carpet, offering additional potential. A dedicated laundry room includes an additional toilet and sink, and a bonus enclosed room with slate flooring and several large windows. This room has tons of light and provides flexible space for a variety of uses. The third bedroom can easily function as a den or home office. While the home could benefit from updates, it presents a great opportunity to personalize over time. Outdoor features include covered patios in both the front and backyard, a detached two-car garage w a work bench and ample cabinetry, low-maintenance front and rear yards with turf, complemented by mature rose bushes and camellia trees. Behind the garage and guest house there is space for a small garden or shed/workspace, along with a large outdoor sink-perfect for gardening, creative projects, or hobbies such as pottery. Whether you're an investor seeking immediate income, or a homeowner looking for flexibility and future potential, this is a rare find in a highly sought-after Burbank location.