
Burbank, California 91505
This property presents a High-Potential Investment Opportunity with a List Price of $953,000—positioned well above the $861,580 Fair Market Value by 10%. While the property requires a full interior overhaul, its Condition Rating of 6 and prime location near major studios offer significant upside for forced appreciation. Situated in the Burbank Unified School District, this asset provides a rare canvas for those looking to renovate and capture long-term value. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with substantial scale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 N Naomi Street Subject | $953,000* List Price | 2 | 2 | 1,358 | $634 | - |
A 1333 N Naomi Sold | $1,004,000 | 2 | 1 | 1,214 | $827 | 0.2 mi |
B 1625 N Maple Street Sold | $857,500 | 3 | 1 | 1,177 | $729 | 0.8 mi |
C 1415 N Screenland Sold | $925,000 | 3 | 2 | 1,710 | $541 | 0.8 mi |
D 1505 N Naomi Street Active | $1,100,000 List Price | 2 | 2 | 1,358 | $810 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1941 and currently gutted to the studs, the property is completely unlivable. It lacks a kitchen, bathrooms, and functional systems, meeting the criteria for a property over 50 years old with no recent renovations that is currently valued primarily for the land and potential.
Ideally situated near the vibrant Magnolia Park district and major entertainment employers like Disney and Warner Bros, making it highly desirable for industry professionals.
Offered for the first time in 30 years, this property serves as a blank canvas for investors or builders to capture substantial equity through a comprehensive renovation or expansion.
Located within the prestigious Burbank Unified School District, providing residents access to highly regarded institutions including John Burroughs High School.
The property requires a substantial interior overhaul, which will necessitate a significant additional capital investment and a lengthy construction timeline.
Built in 1941 and held by the same owner for decades, the home likely requires costly updates to major systems such as plumbing, electrical, and HVAC to meet modern standards.
First time on the market in nearly three decades, this exceptional Burbank opportunity is ready for its next chapter. Built in 1941 and located on a quiet residential street, this 2-bedroom, 2-bathroom home sits on a generously sized lot in one of Burbank's most sought-after neighborhoods. Brimming with character and original charm, the property offers a rare chance for investors, builders, flippers, or end users to renovate, reimagine, and create something truly special.The home requires a substantial interior renovation, making it an ideal canvas for those with vision and creativity. Surrounded by strong property values and pride of ownership, the potential for significant upside and impressive after-renovation value is evident. Ideally situated just minutes from the vibrant Magnolia Park district, residents enjoy easy access to popular restaurants, cafes, vintage shops, and local boutiques. The property is also conveniently located near major entertainment employers, including Warner Bros. Studios, The Walt Disney Company, and Universal Studios Hollywood, making it an attractive option for professionals in the film and television industries. Families will appreciate access to highly regarded schools, including Bret Harte Elementary School, Luther Burbank Middle School, and John Burroughs High School, all within the respected Burbank Unified School District. Whether your goal is to renovate and resell, create a long-term investment, expand and customize, or build your dream home, the possibilities are extensive. Opportunities like this are becoming increasingly rare in Burbank. Bring your contractor, your imagination, and your vision to unlock the full potential of this hidden gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,358 | 1,473 | 46% |
| Lot Size | 6,169 | 6,711 | 34% |
| Price | $953.0K | $1.20M | 16% |
| Price per sq ft | $702 | $842 | 22% |
| Built year | 1941 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 124 | 1% |
May 27, 2026
$953,000
Initial Listing
Dec 24, 1998
$210,000
Public Record