124 N Naomi, Burbank, California 91505, Burbank, 91505 - 5 bed, 4 bath
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124 N Naomi
Burbank, California 91505
ACTIVE
CONDITION: FAIR
5Beds
4Baths
4,500Sq Ft
13,145Lot Size
Property Price
LIST PRICE$2,185,000
SUMMARY
Analysis of 124 N Naomi, Burbank, California 91505 is currently available with a list price of $2,185,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1941, this 80+ year old property is primarily marketed for its development and SB9 subdivision potential. While the listing mentions a modern terrace and functional auxiliary structures, the main residence is dated and the overall value is concentrated in the land and square footage rather than modern interior finishes or systems.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The oversized 13,143 sq. ft. lot offers a rare opportunity for subdivision under SB9, allowing investors to maximize value by creating separate parcels or additional residential units.
- Versatile Multi-Structure Compound
With four distinct structures totaling 4,500 sq. ft., including a main house, Junior ADU, and a large office/studio, the property provides exceptional flexibility for multi-generational living or high-yield rental income.
- Prime Media District Location
Situated near major entertainment hubs like Warner Bros. and Universal Studios, the property is perfectly positioned to attract industry professionals and benefit from Burbank's strong economic base.
CONSRISKS & DEFICIENCIES
- Complex Due Diligence
The potential for subdivision and the legality of multiple existing structures require extensive buyer verification of zoning laws and building permits, which may delay development timelines.
- High Maintenance Overhead
Managing and maintaining four separate structures originally dating back to 1941 can lead to higher long-term operational costs and potential needs for systemic upgrades.
About 124 N Naomi
PRICE REDUCTION ALERT. SELLER IS WILLING TO CARRY BACK: Rare opportunity to own and develop near Burbank Studios, Warner Bros., Universal Studios, major retailers, hospitals, schools, and freeways. PROPERTY HIGHLIGHTS: Four separate structures totaling approximately a massive 4,500 sq. ft. of existing build on a 13,143 sq. ft. lot: MAIN HOUSE: ~1,569 sq. ft. 3 bedroom + 2 Bathrooms; SINGLE JUNIOR ADU: ~432 sq. ft. Kitchen + 1 bathroom; DETACHED GARAGE: ~400 sq. ft. for 2 cars; TWO-STORY LARGE RV GARAGE: ~1,900 sq. ft. Fully equipped; and ADDITIONAL OFFICE/STUDIO: ~900 sq. ft. Kitchenet + 1 bathroom with a MODERN TERRACE for leisure and entertainment. POTENTIAL SUBDIVISION: subdivide under SB9 to create a separate parcel with additional units. Buyer to verify independently.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 13,145 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 4,500 | 1,601.762 |
| Lot Size | 13,145 | 6,628.752 |
| Price | $2.19M | $1.31M |
| Price per sq ft | $486 | $879 |
| Built year | 1941 | 1944 |
| HOA | $0 | $0 |
| Days on market | 3 | 44 |
Pricing History
Listed for Sale
Sep 6, 2026
$2,185,000
Initial Listing
Sold
Jan 20, 2005
$740,000
Public Record
Sold
Mar 15, 2004
$685,000
Public Record