1505 N Naomi Street
Burbank, CA, 91505
$1,100,000
MLS: 26664851
Beds
2
Baths
2
Sq Ft
1,358
Lot
0.14 ac
Year Built
1941
MLS #
26664851
Days on Market
8
Listed
Mar 15, 2026
Description
This charming Burbank property, built in 1941, presents a rare opportunity for investors, builders, or buyers looking to create their dream home in one of the most desirable neighborhoods. First time on the market since 1998. This 2-bedroom, 2-bathroom home sits on a large lot in a quiet residential street and offers tremendous potential. The house retains its original character and requires a comprehensive interior renovation, making it an ideal project for flippers or end-users ready to reimagine and transform the space. The location is excellent, just minutes from the popular Magnolia Park district, known for its shops, restaurants, cafes, and vintage boutiques. The home is also close to major entertainment studios, including Warner Bros. Entertainment, The Walt Disney Company, and Universal Studios Hollywood, making it a convenient location for those working in the film and television industry. Nearby schools include Bret Harte Elementary School, Luther Burbank Middle School, and John Burroughs High School, all part of the highly regarded Burbank Unified School District. With strong surrounding property values in Burbank, this property offers excellent upside and after-renovation value potential (ARV) for buyers willing to invest in improvements. Whether you are looking to renovate and resell, create an investment, or design your own custom home, the possibilities here are significant. A true diamond with tremendous potential. Bring your contractor and your vision, and do not miss this opportunity to unlock the value of this Burbank gem.
Location
Burbank, Los Angeles County, CA 91505
Open on Google Maps ↗Listed by: Brian V Moore · Sotheby's International Realty
Payment estimate
$7,941
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $110,000 · Loan: $990,000
- Principal & Interest
- $6,083
- Property tax (1.25%)
- $1,146
- Homeowners insurance
- $300
- Mortgage insurance
- $413
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 $38,500 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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