Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

124 N Naomi

Burbank, CA, 91505

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$2,800,000

MLS: SR26048150

Beds

4

Baths

3

Sq Ft

4,469

Lot

0.30 ac

Year Built

1941

MLS #

SR26048150

Days on Market

26

Listed

Mar 4, 2026

Description

Calling for DEVELOPERS, ARTISTS, ENTREPRENEURS & INVESTORS for this "hidden gem" with lots of potential for the right vision! Property is centrally located near the Burbank Studios, Warner Bros Studios, Universal Studios, national brand name stores, Hospitals, Schools and easy access to freeways, and offers versatility for generating extra income. Bring your car collection to park inside, conduct your home business, start your recording studio or band rehearsal, etc etc. This gem comes with (4) FOUR SEPARATE STRUCTURES and FULL RV CONNECTIONS INSIDE AND OUTSIDE, SITTING ON A 13,143 SQUARE FEET LOT. All structures sum 4,469 square feet total. The "main house" shows 1,569 square feet with three bedroom and two bathrooms, the Guest House is a single 400 square feet, the DETACHED 400 s.q.f. car garage (not included on total square footage) and lastly, the "astounding two story building" 1,900 square feet PLUS additional 600 square feet studio with a city view terrace on the second floor. This two story building can potentially be a separated parcel with the "SB9 program" and sold separately if so desired. Come ready to run your imagination and creativity on this special listing.

Location

Burbank, Los Angeles County, CA 91505

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Listed by: Gilmer Pozo · Real Estate Bankers inc.

Payment estimate

$19,750

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $280,000 · Loan: $2,520,000

%
Principal & Interest
$15,483
Property tax (1.25%)
$2,917
Homeowners insurance
$300
Mortgage insurance
$1,050
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Burbank home with as little as 3.5% down using an FHA loan — roughly $98,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Burbank, CA 91505 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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