1505 N Naomi Street, Burbank, California 91505, Burbank, 91505 - 2 bed, 2 bath
Loading property details...
Burbank, California 91505
This Value-Add Asset is listed at $1,100,000, positioned above the $1,032,194 Fair Market Value. Despite the premium, the property offers significant upside through forced appreciation in a high-demand pocket. Carrying a Condition Rating of 5, the 1941 structure requires a total renovation but sits on a 6,169 SqFt Lot with Mountain Views. Located in the Burbank Unified School District near Bret Harte Elementary, Luther Burbank Middle, and John Burroughs High, the location ensures high resale demand near major studios. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 N Naomi Street Subject | $1,100,000* List Price | 2 | 2 | 1,358 | $760 | - |
A 1625 N Maple Street Sold | $857,500 | 3 | 1 | 1,177 | $729 | 0.8 mi |
B 1532 N Niagara Sold | $952,000 | 3 | 2 | 1,101 | $865 | 0.1 mi |
C 1834 N Maple Sold | $1,010,000 | 4 | 3 | 1,484 | $681 | 0.7 mi |
D 1504 N Lima Street Sold | $1,135,000 | 3 | 2 | 1,385 | $819 | 0.5 mi |
E 1710 N Evergreen Street Sold | $970,000 | 3 | 1 | 1,048 | $926 | 0.9 mi |
F 1333 N Naomi Pending | $989,000 List Price | 2 | 1 | 1,214 | $815 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 and in original condition, this property requires a comprehensive interior renovation. The listing explicitly targets investors and flippers, noting that the kitchen, bathrooms, and major systems are dated and need a complete overhaul. The home lacks modern updates to flooring, fixtures, and appliances, necessitating substantial rehabilitation to be move-in ready.
Ideally situated near major entertainment hubs like Warner Bros and Disney, making it a highly desirable location for industry professionals and ensuring strong rental or resale demand.
The large 6,169 sqft lot and original 1941 structure offer a blank canvas for investors to achieve high after-renovation value (ARV) in a high-demand Burbank neighborhood.
Located within the prestigious Burbank Unified School District, providing access to highly-rated schools which consistently bolsters long-term property appreciation and family appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1358, other record living area = 1204.
The home requires a comprehensive interior overhaul, necessitating a substantial additional budget and a contractor-ready buyer to address its dated 1941 condition.
At a $1.1M price point for a 2-bedroom home in need of total renovation, the initial investment is significant, potentially tightening profit margins for developers or flippers.
This charming Burbank property, built in 1941, presents a rare opportunity for investors, builders, or buyers looking to create their dream home in one of the most desirable neighborhoods. First time on the market since 1998. This 2-bedroom, 2-bathroom home sits on a large lot in a quiet residential street and offers tremendous potential. The house retains its original character and requires a comprehensive interior renovation, making it an ideal project for flippers or end-users ready to reimagine and transform the space. The location is excellent, just minutes from the popular Magnolia Park district, known for its shops, restaurants, cafes, and vintage boutiques. The home is also close to major entertainment studios, including Warner Bros. Entertainment, The Walt Disney Company, and Universal Studios Hollywood, making it a convenient location for those working in the film and television industry. Nearby schools include Bret Harte Elementary School, Luther Burbank Middle School, and John Burroughs High School, all part of the highly regarded Burbank Unified School District. With strong surrounding property values in Burbank, this property offers excellent upside and after-renovation value potential (ARV) for buyers willing to invest in improvements. Whether you are looking to renovate and resell, create an investment, or design your own custom home, the possibilities here are significant. A true diamond with tremendous potential. Bring your contractor and your vision, and do not miss this opportunity to unlock the value of this Burbank gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,358 | 1,402 | 46% |
| Lot Size | 6,169 | 6,403 | 38% |
| Price | $1.10M | $1.16M | 40% |
| Price per sq ft | $810 | $839 | 42% |
| Built year | 1941 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 170 | 2% |
Mar 15, 2026
$1,100,000
Initial Listing
Dec 24, 1998
$210,000
Public Record