124 N Naomi, Burbank, California 91505, Burbank, 91505 - 0 bed, 0 bath
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Burbank, California 91505
Analysis of 124 N Naomi, Burbank, California 91505 is currently available with a list price of $2,500,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
Although built in 1941, the property features a main kitchen and bathrooms renovated within the last 10-15 years, including granite countertops and stainless steel appliances. The multiple structures appear well-maintained, functional, and move-in ready, fitting the criteria for a property with a 5-15 year old renovation.
The property features four separate structures totaling approximately 4,500 sq. ft., including a main house, ADU, and a massive 1,900 sq. ft. RV garage, offering rare flexibility for creative studios, home businesses, or multi-generational living.
Situated on an expansive 13,143 sq. ft. lot with SB9 subdivision potential, this property provides a unique opportunity for developers to increase density and maximize value in a high-demand area.
Located near major studios like Warner Bros. and Universal, the central Burbank location is ideal for industry professionals and ensures strong long-term demand and rental appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4500, other record living area = 4469.
At a $2.5M list price, the initial investment is substantial, which may limit profit margins for developers once the costs of renovation or subdivision are factored in.
The property's highest and best use relies on complex SB9 subdivision and zoning verification, requiring extensive due diligence and potentially lengthy permitting processes.
Calling developers, artists, entrepreneurs, and investors — rare opportunity on a 13,143 sq. ft. lot 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: 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. SUGGESTED VERSATILES USES: indoor car storage, home business, recording studio/band rehearsal space, creative studio, rental income, and more. POTENTIAL SUBDIVISION: subdivide under SB9 to create a separate parcel with additional units (buyer to verify). This “hidden gem” is ideal for owners with vision who want flexible, income-generating, or mixed-use possibilities in a central entertainment-industry location. All information is deemed reliable but buyers should independently verify zoning, easements, code requirements, and other legal or regulatory matters.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 4,500 | 1,489 | 99% |
| Lot Size | 13,145 | 6,717 | 99% |
| Price | $2.50M | $1.20M | 99% |
| Price per sq ft | $556 | $842 | 4% |
| Built year | 1941 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 124 | 8% |
Apr 26, 2026
$2,500,000
Initial Listing
Jan 20, 2005
$740,000
Public Record
Mar 15, 2004
$685,000
Public Record