124 N Naomi, Burbank, California 91505, Burbank, 91505 - 4 bed, 3 bath
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Burbank, California 91505
Analysis of 124 N Naomi, Burbank, California 91505 is currently available with a list price of $2,800,000. 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.
The property appears move-in ready with significant interior updates that contrast with its 1941 build date. The kitchen is equipped with granite countertops, a tile backsplash, and stainless steel appliances, while the main living areas feature updated hardwood flooring and recessed lighting. The overall condition of the structures suggests they have been well-maintained and underwent extensive renovations approximately 10 to 15 years ago, fitting the criteria for a 'good' condition score.
With four separate structures totaling over 4,400 square feet, the property offers unparalleled flexibility for rental income, creative studios, or multi-generational living arrangements.
The massive 13,143 square foot lot is a rare find in Burbank and presents a significant opportunity for subdivision or redevelopment under the SB9 program.
Centrally located near major entertainment hubs like Warner Bros and Universal Studios, the property is ideally positioned for industry professionals and high-demand rental markets.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4469, other record living area = 1569. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The $2.8M entry price for a property marketed as a 'hidden gem' suggests that substantial additional investment will be required to realize its full development or creative potential.
Managing and maintaining four distinct structures dating back to 1941 can lead to higher-than-average operational costs and complex infrastructure upkeep for the owner.
Calling for DEVELOPERS, ARTISTS, ENTREPRENEURS & INVESTORS for this "hidden gem" with lots of potential for the right vision! Property is centrally located near the Burbank Studios, Warner Bros Studios, Universal Studios, national brand name stores, Hospitals, Schools and easy access to freeways, and offers versatility for generating extra income. Bring your car collection to park inside, conduct your home business, start your recording studio or band rehearsal, etc etc. This gem comes with (4) FOUR SEPARATE STRUCTURES and FULL RV CONNECTIONS INSIDE AND OUTSIDE, SITTING ON A 13,143 SQUARE FEET LOT. All structures sum 4,469 square feet total. The "main house" shows 1,569 square feet with three bedroom and two bathrooms, the Guest House is a single 400 square feet, the DETACHED 400 s.q.f. car garage (not included on total square footage) and lastly, the "astounding two story building" 1,900 square feet PLUS additional 600 square feet studio with a city view terrace on the second floor. This two story building can potentially be a separated parcel with the "SB9 program" and sold separately if so desired. Come ready to run your imagination and creativity on this special listing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 4,469 | 1,450 | 99% |
| Lot Size | 13,145 | 6,519 | 98% |
| Price | $2.80M | $1.17M | 99% |
| Price per sq ft | $627 | $839 | 14% |
| Built year | 1941 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 170 | 6% |
Mar 4, 2026
$2,800,000
Initial Listing
Jan 20, 2005
$740,000
Public Record
Mar 15, 2004
$685,000
Public Record