Burbank has its own wealthy neighborhoods. I was surprised when a friend said, "A house in that neighborhood costs $2 million."

While Burbank is not as concentrated with ultra-wealthy residents as Beverly Hills or Malibu in LA County, it does have premium residential areas.

The most notable areas are Verdugo Woodlands and Burbank Hills.

Verdugo Woodlands is a quiet hillside neighborhood located at the base of the Verdugo Mountains in northern Burbank. It features lush trees, beautiful views, and many large single-family homes. Home prices in this area range from $1,200,000 to over $2,500,000. Many high-income professionals and executives from the entertainment industry prefer this quiet residential environment.

Some northern parts of Magnolia Park are also premium areas. They have well-maintained vintage homes with large yards, and good properties in this area are priced between $1,000,000 and $1,500,000. The atmosphere is tidy and has a unique neighborhood feel, attracting those who are committed to living here.

The Studio Hills area is also premium. Located just above Warner Brothers and Disney Studios, it offers great views and a quiet environment. It is home to high-ranking studio executives and film directors, and prices are correspondingly high.

What do these neighborhoods have in common? They are mostly close to schools and provide a great environment for children to grow up in. There is also a strong sense of community, with well-established networks among neighbors. The safety index is relatively high within Burbank.

While Burbank's affluent areas may not be as glamorous as Beverly Hills, they offer practical living with a high quality of life. Many successful Korean families in the entertainment industry choose to live in this area. If you're aiming for a good home in Burbank, it's wise to keep an eye on Verdugo Woodlands or the northern part of Magnolia Park.

Of course, homes in these areas often sell quickly once they hit the market. It's important to do your research in advance and maintain a good relationship with a reliable real estate agent to seize opportunities. The Burbank real estate market is truly competitive once you get to know it.