2924 West Riverside Drive Burbank, CA $ 2,395,000
2924 West Riverside Drive
$ 2,395,000
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2924 West Riverside Drive

Burbank, CA, 91505
$ 2,395,000
Baths0.0 Sq 3,449

Monthly Estimate*

$ 16,730

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Studio

Multi-Family Home for sale in Burbank, CA

for $2,395,000. This 3,449 square foot home was built in 1939 on a lot size of 0.27.

Welcome to 2924 West Riverside Drive, Burbank, CA! This property offers a remarkable opportunity for those seeking a prime investment in the heart of Burbank. In the sought-after Rancho District, this property boasts a total of 6 units (each its own bungalow with month-to-month tenants). This 3449 square foot gem is a rare find in today's market; each unit features one bedroom and one bathroom private casita, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot of almost 12k sq ft lot, offering ample outdoor space. Two 2-car garages add further value to the property, presenting the potential for additional dwelling units (ADUs) or providing secure parking for tenants. Conveniently located in Burbank, residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including walking distance to Disney and WB Studios, Rancho Equestrian Facilities, and the Toluca Village. The bustling city of Burbank provides a vibrant backdrop for this property, with its thriving community and proximity to major attractions. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate in Burbank. With its desirable location, spacious lot, and potential for expansion, 2924 West Riverside Drive is an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer!

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Multi-Family Active

Price

$ 2,395,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.27

Year Built

1939

Town/City

Burbank

County/Region

Los Angeles

MLS | Web ID

0024347833

Features
General
Interior Features Ceiling Fan(s)
Cooling See Remarks
Possession Close of Escrow
Roof Shingle Composition
Zoning BUR4*
Pool Features Private
Construction Materials Stucco
Year Built 1939
Tenant Pays Electricity Trash Collection Cable TV Gas Insurance
Levels One
Accessibility Other
County Los Angeles
Net Operating Income 110315.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Burbank
Buyer Agent Compensation 2.00
Entry Location Ground Level w/steps
View Y/N Yes
Senior Community Y/N No
MLS Area 610 - Burbank
Lot Size Square Feet 11771.0
Number of Units Leased 6
Street Name Riverside
Property Condition Repairs Cosmetic
Additional Parcels Y/N No
Structure Type None
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
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Interior
Flooring Tile Laminate Wood
Total Stories 1
Street Suffix Drive
Entry Level 1
Total Baths 0
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Exterior
Parking Features Garage None Attached Carport Covered Parking Space
Lot Features Landscaped
Lot Size Area 11771.0
Foundation Details Raised
Spa No
Pool Y/N? No
Building Area Total 3449.0
Lot Size Acres 0.27
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Craig Strong

Listing Agent

Compass

Broker

Affordability Calculator

$16,730
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,730
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/22/2024$2,395,000 -2.04% Price Down
3/1/2024$2,445,000 -2.00% Price Down
1/17/2024$2,495,000 Listed Price

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2924 West Riverside Drive, Burbank, CA, 91505 is a Multi-Family Home for sale at $2,395,000 with 3,449 sqft and a lot size of 0.27. 2924 West Riverside Drive is a studio with 0.0 baths and was built in 1939. The property's zip code is 91505 which is in Burbank, CA