1505 N Naomi Street
Burbank, CA, 91505
$953,000
MLS: 26840243
Beds
2
Baths
2
Sq Ft
1,358
Lot
0.14 ac
Year Built
1941
MLS #
26840243
Days on Market
17
Listed
May 27, 2026
Description
First time on the market in nearly three decades, this exceptional Burbank opportunity is ready for its next chapter. Built in 1941 and located on a quiet residential street, this 2-bedroom, 2-bathroom home sits on a generously sized lot in one of Burbank's most sought-after neighborhoods. Brimming with character and original charm, the property offers a rare chance for investors, builders, flippers, or end users to renovate, reimagine, and create something truly special.The home requires a substantial interior renovation, making it an ideal canvas for those with vision and creativity. Surrounded by strong property values and pride of ownership, the potential for significant upside and impressive after-renovation value is evident. Ideally situated just minutes from the vibrant Magnolia Park district, residents enjoy easy access to popular restaurants, cafes, vintage shops, and local boutiques. The property is also conveniently located near major entertainment employers, including Warner Bros. Studios, The Walt Disney Company, and Universal Studios Hollywood, making it an attractive option for professionals in the film and television industries. Families will appreciate access to highly regarded schools, including Bret Harte Elementary School, Luther Burbank Middle School, and John Burroughs High School, all within the respected Burbank Unified School District. Whether your goal is to renovate and resell, create a long-term investment, expand and customize, or build your dream home, the possibilities are extensive. Opportunities like this are becoming increasingly rare in Burbank. Bring your contractor, your imagination, and your vision to unlock the full potential of this hidden gem.
Location
Burbank, Los Angeles County, CA 91505
Open on Google Maps ↗Listed by: Brian V Moore · Sotheby's International Realty
Payment estimate
$7,083
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,300 · Loan: $857,700
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,433
- Property tax (1.25%)
- $993
- Homeowners insurance
- $300
- Mortgage insurance
- $357
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $33,355 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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Local Market Stats
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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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