124 N Naomi, Burbank, California 91505, Burbank, 91505 - 4 bed, 3 bath
124 N Naomi
Burbank, California 91505
Property Price
SUMMARY
Analysis of 124 N Naomi, Burbank, California 91505 is currently available with a list price of $2,800,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
This 1941-built property is explicitly marketed to developers and investors as a 'hidden gem' requiring 'vision,' which typically signals significant deferred maintenance or functional obsolescence. The property analysis confirms a high renovation requirement, and the images show dated exteriors and basic, unrefined interiors that lack modern kitchen and bathroom standards, suggesting the need for a complete overhaul or substantial rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 13,143 square foot lot combined with SB9 eligibility offers a rare opportunity for developers to split the parcel or create multiple high-value residences.
- Prime Media District Location
Centrally located near Warner Bros, Disney, and Universal Studios, this property sits in a high-demand area for entertainment professionals and long-term rental stability.
- Multi-Structure Versatility
With three separate structures totaling over 4,400 square feet, the property provides immediate flexibility for multi-generational living, home offices, or multiple income streams.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Renovation Requirement
Marketed as a 'hidden gem' with 'potential,' the 1941-built structures likely require significant capital expenditure to modernize and meet current market standards.
- Development Complexity
Maximizing the property's value through lot splits or conversions involves navigating complex municipal permitting and construction processes that may deter non-professional buyers.
About 124 N Naomi
LOCATION, LOCATION, LOCATION. Calling DEVELOPERS & 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 and national brand name stores. This gem comes with (3) three separate structures sitting on 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 2 bathrooms, the "ADU" 400 square feet is a 1 bedroom with 1 bathroom and the "stounding two story structure" 1,900 square feet PLUS additional 600 square feet studio with a city view terrace. This two story structure can potentially be converted into a separate parcel with the SB9 program and sold separate if desired. Ready for you to run your imagination and creativity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 13,145 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 4,469 | 1,399 | 99% |
| Lot Size | 13,145 | 6,450.5 | 97% |
| Price | $2.80M | $1.15M | 99% |
| Price per sq ft | $627 | $842 | 14% |
| Built year | 1941 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 175 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$2,800,000
Initial Listing
Sold
Jan 20, 2005
$740,000
Public Record
Sold
Mar 15, 2004
$685,000
Public Record