124 N Naomi St, Burbank, CA 91505
124 N Naomi St, Burbank, CA 91505,Video Tour
124 N Naomi St, Burbank, CA 91505
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$2,095,000
Est. payment /mo
5 Beds
4 Baths
4,846 SqFt

Open House

Sat Oct 10, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,846 sqft

Price per Sqft $432

MLS Listing ID 26997677

Style Traditional

Bedrooms 5

Construction Status Updated/Remodeled

Year Built 1941

Lot Size 0.302 Acres

Acres 0.3018

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUR1YY

Rooms

Other Rooms Accessory Bldgs, GuestHouse, Other

Dining Room 0

Kitchen Granite Counters, Open to Family Room

Interior

Interior Features Cathedral-Vaulted Ceilings, Open Floor Plan, Recessed Lighting

Heating Central

Cooling Air Conditioning, Central

Flooring Mixed

Fireplaces Type Living Room, Other, Decorative

Equipment Dryer, Barbeque, Dishwasher, Microwave, Hood Fan, Range/Oven, Refrigerator, Washer

Laundry Inside, Garage, In Unit

Exterior

Parking Features Built-In Storage, Controlled Entrance, Covered Parking, Detached, Door Opener, Driveway, Driveway Gate, Garage, Garage - 2 Car, Garage - 4+ Car, Garage Is Detached, Gated, On street, Oversized, Parking for Guests, Parking for Guests - Onsite, Uncovered, Side By Side, RV Possible, RV Paved, RV Hook-Ups, RV Gated, Rv Garage, RV Enclosed, RV Covered, Private Garage, Private

Garage Spaces 16.0

Pool Room For

Amenities Available None

Waterfront Description None

View Y/N Yes

View Walk Street, Trees/Woods

Roof Type Composition, Shingle

Building

Lot Description 2-4 Lots, Alley Paved, Automatic Gate, Back Yard, Exterior Security Lights, Fenced, Fenced Yard, Front Yard, Lawn, Lot-Level/Flat, Lot Shape-Irregular, Landscaped, Sidewalks, Walk Street, Yard

Story 2

Foundation Raised, Slab

Sewer In Street

Water Public

Architectural Style Traditional

Level or Stories Multi/Split, One, Two

Structure Type Stucco

Construction Status Updated/Remodeled

Schools

School District Burbank Unified

Others

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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