1028 N Naomi Street N, Burbank, California 91505, Burbank, 91505 - 3 bed, 2 bath
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Burbank, California 91505
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned above the $1,220,153 Fair Market Value. While the property requires significant capital, its 2,264 sqft footprint in the premier Magnolia Park neighborhood offers substantial upside. With a Condition Rating of 5, this asset is a blank canvas for a full-scale renovation. The combination of a large 7,138 sqft lot and proximity to major studios makes this a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-demand project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1028 N Naomi Street N Subject | $1,300,000* List Price | 3 | 2 | 2,264 | $539 | - |
A 1010 N Florence Street Sold | $1,007,500 | 2 | 1 | 1,443 | $698 | 0.1 mi |
B 1511 N Maple Street Sold | $1,090,000 | 3 | 2 | 1,489 | $732 | 0.9 mi |
C 1809 N Fairview Sold | $1,000,000 | 2 | 2 | 1,683 | $594 | 0.8 mi |
D 1920 N Screenland Drive Sold | $1,055,000 | 4 | 3 | 1,972 | $535 | 0.9 mi |
E 530 N Naomi Pending | $1,299,000 List Price | 3 | 3 | 2,365 | $549 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946 and explicitly marketed as a 'fixer' requiring restoration or renovation. The property shows significant deferred maintenance and is targeted at investors or contractors for a full rehab project, though the presence of older vinyl windows suggests it is not a total tear-down.
Situated in one of Burbank's most coveted neighborhoods, the property offers exceptional proximity to major film studios, trendy Magnolia Boulevard shops, and top-tier Burbank Unified schools.
With 2,264 square feet of living space on a 7,138 square foot lot, this residence provides a significantly larger footprint than many original homes in the area, offering ample room for a high-end reconfiguration.
As a 'fixer' in a high-demand area, the property presents a rare chance for investors or owner-users to customize a home to their exact taste while building substantial equity in a premier market.
The property is marketed as a fixer-upper requiring restoration or reimagining, which implies a need for significant additional capital and a lengthy renovation timeline before it is move-in ready.
A $1.3 million entry price for a property needing total renovation may limit the pool of buyers to those with substantial cash reserves or specialized construction financing.
Rare opportunity to own in one of Burbank's most desirable neighborhoods. Located in the highly sought-after Magnolia Park area, this property is ready for someone with vision to restore, renovate, or reimagine its full potential. Whether you're an investor, contractor, or buyer looking to customize a home to your own taste, this is an exceptional opportunity in a premier location. Ideally situated near Magnolia Park's popular shops, restaurants, cafés, parks, entertainment, major studios, and convenient freeway access. The location alone makes this property a standout. Bring your ideas and transform this fixer into a beautiful home while enjoying all that this vibrant Burbank community has to offer. Don't miss this chance to invest in one of the city's most coveted neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,264 | 1,708 |
| Lot Size | 7,138 | 6,504 |
| Price | $1.30M | $1.31M |
| Price per sq ft | $574 | $856 |
| Built year | 1946 | 1947 |
| HOA | $0 | $0 |
| Days on market | 2 | 50 |
Jul 20, 2026
$1,300,000
Initial Listing