124 N Naomi Street, Burbank, CA 91505

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.