124 N Naomi Street, Burbank, CA, 91505

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$2,095,000
2 Days On Site

124 N Naomi Street
Burbank, CA 91505

For Sale|Residential Income|Active
5
Beds
4
Total Baths
4,846
SqFt
$432
/SqFt
1941
Built
County:
Los Angeles
Listed by Kristin Neithercut of Compass kristin@kristinneithercut.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
Upcoming Open Houses
Sat, Oct 10, 11:00 AM - 1:00 PM
124 N Naomi Street124 N Naomi Street124 N Naomi Street124 N Naomi Street
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Rare 13K Sq Ft Burbank Lot with 4 Structures Totaling Nearly 5K Sq Ft with 16-Car Parking & Further Development Potential!!! Rare investment and development opportunity in Burbank! Situated on an expansive 13,143-square-foot lot, this unique property features approximately 5,000 square feet of existing structures across four separate buildings, creating multiple avenues for an investor, developer or owner seeking a property with significant income and expansion potential. The property currently includes a 1,569-square-foot 3-bedroom, 2-bathroom main house, a separate 432-square-foot guesthouse with a kitchen and full bathroom, an approximately 400-square-foot detached two-car garage with Junior ADU potential, and an impressive two-story RV garage of approximately 1,900 square feet with full RV hookups and substantial vehicle storage. Above the RV garage is an additional approximately 600-square-foot studio apartment with kitchenette, full bathroom and private outdoor terrace. Income potential is a key component of this property. The multiple existing living spaces provide the opportunity to generate income from separate units while retaining the flexibility to occupy one or more spaces. The combination of residential structures, additional studio space, garage space and substantial parking creates a variety of potential income-producing configurations. The property also offers exceptional parking, with indoor parking for up to 8 vehicles plus gated driveway parking for up to 8 additional vehicles; an uncommon asset in Burbank and an attractive feature for tenants, businesses, collectors, contractors or other specialized users. For investors and developers, the 13k sqft lot provides an additional layer of opportunity. Potential future expansion and lot division under SB9 may allow for the creation of a separate parcel and additional units, subject to applicable zoning, regulations and approvals. Buyers can explore the property's potential while benefiting from the substantial existing improvements already in place. Located near Burbank Studios, Warner Bros. Studios and Universal Studios, as well as major retailers, hospitals, schools and convenient freeway access. The property is also located within the Stevenson Elementary School and John Burroughs High School Districts, adding to its appeal in the Burbank rental and residential market. A rare opportunity to acquire a large Burbank lot with multiple existing structures, income potential, significant parking and future development possibilities offering investors the flexibility to pursue immediate income, long-term appreciation, expansion or a combination of strategies.

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Listing Snapshot
Price 
$2,095,000
Days On Site 
2 Days
Bedrooms 
5
Inside Area (SqFt) 
4,846 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3018 Acres
Year Built 
1941
MLS® Number 
26997677
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.3018
Foundation 
RaisedSlab
Garage 
Yes
Garage Spaces 
8
Levels 
OneTwoMulti/Split
Number Of Stories 
2
Parking 
CoveredDrivewayGarageGarage Door OpenerGuestGatedOversizedPrivateRV GarageRV GatedRV Access/ParkingOn StreetSide By SideStorage
Parking Spaces 
16
Property Condition 
Updated/Remodeled
Security 
Carbon Monoxide Detector(s)Fire Sprinkler SystemSecurity GateGated CommunitySmoke Detector(s)
Sewer 
Other
Special Circumstances 
Standard
SqFt Total 
4846
Style 
Traditional
Zoning 
BUR1YY
Interior Features
Appliances 
DishwasherGas OvenGas RangeMicrowaveOvenRefrigeratorDryerWasher
Cooling 
Central Air
Fireplace 
Yes
Fireplace Features 
DecorativeLiving Room
Heating 
Central
Interior 
Cathedral Ceiling(s)Open FloorplanRecessed Lighting
Laundry Features 
InsideIn Garage
Bathroom 
Features - Tile Counters
Bonus Room 
GuestQuarters 
Kitchen 
Features - Granite Counters
Living Room 
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Exterior Features
Construction Details 
Stucco
Exterior 
Barbecue
Lot Features 
Back YardFront YardIrregular LotLandscaped
Other Structures 
Guest House
Patio And Porch 
Patio
Roof 
CompositionShingle
Spa Features 
None
View 
Trees/Woods
Waterview 
Trees/Woods
Community Features
Community Features 
Gated
MLS Area 
610 - Burbank
School District 
Burbank Unified
Building Access 
Ground Level w/steps
Schools
School District
Burbank Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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