124 N Naomi Street
Burbank, CA, 91505
$2,095,000
MLS: 26996777
Beds
5
Baths
4
Sq Ft
4,846
Lot
0.30 ac
Year Built
1941
MLS #
26996777
Days on Market
6
Listed
Oct 7, 2026
Description
Rare Burbank Family Compound with 4 Structures Totaling Approx. 5k Sq Ft & Parking for 16 Cars on 13k Lot in Top Rated School District! A truly unique opportunity to create a family compound, multi-generational property or live-and-income setup on an expansive 13,143-square-foot lot in a prime Burbank location. With approximately 5,000 square feet of existing structures, four separate buildings and exceptional parking, this property offers a level of flexibility that is rarely found in Burbank. The 1,569-square-foot updated main house features 3 bedrooms and 2 bathrooms and provides a comfortable primary residence. A separate 432-square-foot guesthouse includes its own kitchen and full bathroom, creating an ideal space for extended family, guests, an adult child, or potential rental income. The property also includes an approximately 400-square-foot detached two-car garage with Junior ADU potential. For those needing substantial vehicle storage, workspace or additional living space, the impressive two-story RV garage offers 1850 square feet, full RV hookups and indoor parking for up to 6 additional vehicles. Above the garage is an approximately 600-square-foot studio apartment with a kitchenette, full bathroom and private outdoor terrace; an ideal private space for family, guests, a home office or potential income. With indoor parking for up to 8 vehicles plus gated driveway parking for up to 8 additional vehicles, the property is exceptionally well suited for car enthusiasts, collectors, entrepreneurs, artists, tradespeople or anyone looking for significant workspace and storage. Whether you're looking to keep multiple generations together while maintaining separate living spaces, live in the main home and generate income from the additional spaces, accommodate extended family, or create a private family compound, the possibilities are extensive. The substantial lot size may also offer potential for future expansion or lot division under SB9, subject to applicable zoning, regulations and approvals, adding another layer of opportunity for an owner-user, investor or developer. Located near Burbank Studios, Warner Bros. Studios and Universal Studios, with convenient access to shopping, hospitals and major freeways. The property is also located in the Stevenson Elementary School and John Burroughs High School Districts, making this an especially compelling opportunity for families looking for space, flexibility and multiple living options in Burbank. This is a rare opportunity to own a property that combines space, flexibility, parking and income potential in one of Burbank's most desirable areas.
Location
Burbank, Los Angeles County, CA 91505
Open on Google Maps ↗Listed by: Kristin Neithercut · Compass
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$16,323
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $209,500 · Loan: $1,885,500
Average 30-yr fixed rate 7.40% as of Oct 8, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $13,055
- Property tax (1.25%)
- $2,182
- Homeowners insurance
- $300
- Mortgage insurance
- $786
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 Oct 8, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.73%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $73,325 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.
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