124 N Naomi, Burbank, California 91505, Burbank, 91505 - 5 bed, 4 bath
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Burbank, California 91505
Analysis of 124 N Naomi, Burbank, California 91505 is currently available with a list price of $2,189,000. 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.
While the main structure dates to 1941, the property has undergone significant renovations and expansions. Interior photos of the studio and bathroom show updates such as vessel sinks, granite countertops, and hardwood flooring consistent with a 10-15 year old renovation. The addition of a modern RV garage and a high-end outdoor terrace with a full kitchen indicates the property is well-maintained and move-in ready.
The massive 13,143 sq. ft. lot combined with SB9 subdivision potential offers a rare opportunity for investors or developers to create additional parcels and maximize density in a high-demand area.
With approximately 4,500 sq. ft. of living and utility space across four structures—including a main house, JADU, and a 1,900 sq. ft. RV garage—the property is ideal for multi-generational living or creative studio use.
Strategically located near Warner Bros., Disney, and Universal Studios, this property commands high desirability for entertainment industry professionals and offers excellent proximity to major freeways and amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4500, other record living area = 1569. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The $2.5M list price reflects the land's development upside rather than the current residential utility, which may limit the buyer pool to experienced developers or high-net-worth investors.
Given the original 1941 construction date, the various structures may require significant capital expenditure for modernization, system upgrades, and code compliance to meet contemporary standards.
PRICE REDUCTION ALERT. SELLER IS WILLING TO CARRY BACK WITH $600,000 DOWN PAYMENT: 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 4,500 | 1,708 |
| Lot Size | 13,145 | 6,504 |
| Price | $2.19M | $1.31M |
| Price per sq ft | $486 | $856 |
| Built year | 1941 | 1947 |
| HOA | $0 | $0 |
| Days on market | 39 | 50 |
Jul 9, 2026
$2,189,000
$2,500,000
-12% Price Drop
Initial Listing
Jun 13, 2026
$2,500,000
Initial Listing
Jan 20, 2005
$740,000
Public Record
Mar 15, 2004
$685,000
Public Record