530 N Naomi, Burbank, California 91505, Burbank, 91505 - 3 bed, 3 bath
Loading property details...
Burbank, California 91505
This Versatile Multi-Unit Property represents a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,314,892 Fair Market Value by 1%. This valuation gap offers $15,892 in Instant Equity. Featuring a permitted 2-bedroom guesthouse and a Fair Condition Rating, the home offers significant potential for cosmetic modernization. Located in the Burbank Unified district, this asset provides excellent rental income potential or multi-generational living. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-demand Burbank location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 530 N Naomi Subject | $1,299,000* List Price | 3 | 3 | 2,365 | $556 | - |
A 210 N Naomi Sold | $1,160,000 | 3 | 2 | 1,920 | $604 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, the property is well-maintained but largely dated. While it features some partial updates like newer laminate flooring and a mini-split HVAC system, the bathrooms and overall aesthetic are over 20 years old. The listing description explicitly mentions the opportunity for a new owner to add personal touches and updates, aligning with the 'Fair' criteria for functional but dated homes.
The property features a permitted 2-bedroom, 1-bath guesthouse with its own private yard, offering significant rental income potential or a perfect setup for multi-generational living.
Situated in a highly sought-after neighborhood near major studios, top-rated schools, and parks, ensuring strong long-term value and high desirability for professionals and families.
The 7,053 sqft lot is thoughtfully divided to provide separate outdoor spaces for both the main home and the guesthouse, maximizing privacy and utility for all occupants.
Built in 1949, the property is noted as needing personal touches and updates, which may require additional capital investment from the buyer to modernize the interiors.
The property lacks any significant views, which may be a drawback for buyers prioritizing scenic vistas or aesthetic surroundings in this price bracket.
Charming property in one of Burbank’s most sought-after neighborhoods featuring a 2-bedroom, 2-bath plus den main home plus a separate permitted 2-bedroom, 1-bath guesthouse. Perfect for extended family, guests, rental income, or a private home office setup, the detached guesthouse offers its own backyard for added privacy and flexibility. The main residence offers a warm and inviting layout with comfortable living spaces, abundant natural light, and timeless appeal, presenting a wonderful opportunity for a new owner to add their own personal touches and updates. Outdoors, enjoy multiple private yard areas ideal for entertaining, relaxing, or creating your own outdoor oasis. Located close to top-rated schools, shopping, dining, studios, parks, and everything Burbank has to offer, this unique property combines versatility, privacy, and prime location in one exceptional opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 76% |
| Square foot | 2,365 | 1,489 | 92% |
| Lot Size | 7,053 | 6,717 | 92% |
| Price | $1.30M | $1.20M | 68% |
| Price per sq ft | $549 | $842 | 4% |
| Built year | 1949 | 1941 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 124 | 1% |
Jun 1, 2026
$1,299,000
Initial Listing
May 29, 2026
$1,290,000
Initial Listing
Sep 23, 2005
$740,000
Public Record