2321 N Naomi Street, Burbank, California 91504, Burbank, 91504 - 3 bed, 1 bath
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Burbank, California 91504
This Burbank Development Asset is a High-Potential Investment Opportunity listed at $950,000, positioned near its $924,159 Fair Market Value. Featuring a Condition Rating of 5, the property requires extensive modernization but offers a massive 7,026 SF flat lot with significant ADU addition or new construction potential. Located within the prestigious Burbank Unified School District, the site includes a private patio and secure block wall fencing. This property represents a strategic land-value play in a high-demand market, making it an ideal acquisition for Fix-and-Flip Investors or Developers.
Property is extensive renovation needed.
Built in 1938, this property is in original or near-original condition with significant deferred maintenance. Interior images reveal substantial wall damage, peeling wallpaper, and a functionally obsolete bathroom with dated fixtures and tiling. The listing's emphasis on land value and potential for new construction or 'full-scale renovation' confirms that the home requires a complete overhaul of its infrastructure, systems, and finishes to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7026, living area = 1132.
The expansive 7,026 SF flat lot offers significant opportunities for new construction, a full-scale renovation, or the addition of an ADU in a high-demand Burbank neighborhood.
Situated in the heart of Burbank and served by the prestigious Burbank Unified School District, this property ensures strong long-term value and high appeal for future buyers.
The current 3-bedroom, 1-bathroom configuration is functionally obsolete for modern family standards, likely requiring a costly layout reconfiguration to add a second bath.
Built in 1938, the property likely requires significant capital investment to update aging infrastructure and systems to meet current building codes and buyer expectations.
Attention investors and builders! A rare opportunity to acquire a 7,000+ SF flat, usable R4 zoned lot in the heart of Burbank. This 3-bedroom, 1-bathroom single-family residence offers 1,132 SF of living space, zoned for residential use and built in 1938. The home includes an attached 1-car garage, hardwood floors in most rooms, a stone fireplace, and sliding glass door access to a large, level rear yard with full block wall perimeter fencing. The lot's size, shape, and flat topography present strong potential for new construction, ADU addition, or full-scale renovation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,132 | 1,828 | 16% |
| Lot Size | 7,026 | 7,026 | 50% |
| Price | $950.0K | $1.51M | 9% |
| Price per sq ft | $839 | $845 | 49% |
| Built year | 1938 | 1951 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 122 | 21% |
Mar 28, 2026
$950,000
Initial Listing
Aug 1, 2022
$825,000
Public Record
Oct 16, 2017
$625,000
Public Record