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2924 W Riverside Drive

Burbank, CA 91505
  • $2,295,000
  • STATUS: Active Under Contract
  • ON SITE: 369 Days
  • ID#: 24347833
Under Contract
UPDATED: 11 min ago
$2,295,000
  • 6
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,449
    SQFT
  • $665
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

School District:
Listing Agent(s): Craig Strong of Compass () and Kristin Neithercut of Compass()


Description

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-20T11:25:35.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/146691971
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2924 W Riverside Drive Burbank, CA 91505

  • Price: $2,295,000
  • Status: Active Under Contract
  • On Site: 369 Days
  • Updated: 11 min ago
  • ID#: 24347833
6
Beds
0
Baths
0
½ Baths
0.27
Acres
3,449
SQFT
$665
$/SQFT
1939
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
School District:
Burbank Unified
Property Description
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!
Exterior Features

Attached Garage YN Yes Carport Spaces 1 Carport YN Yes Construction Materials Stucco Entry Level 1 Entry Location Ground Level w/steps Foundation Details Raised Lot Features Landscaped Number Of Separate Electric Meters 6 Open Parking Spaces 1 Parking Features Attached CarportCoveredGaragePrivateOne Space Parking Total 6 Pool Features None Pool Private YN No Roof CompositionShingle Spa Features None Spa YN No View YN Yes

Interior Features

Flooring LaminateTileWood Interior Features Ceiling Fan(s)

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.5 Disclosures Trust/Conservatorship Garage YN Yes Gross Income 160800 Laundry Features See Remarks Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 110315 New Construction YN No Number Of Separate Gas Meters 6 Number Of Units Leased 6 Possession Close Of Escrow Property Condition Repairs Cosmetic Rent Control YN No Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasInsuranceTrash Collection Vacancy Allowance Rate 0 Zoning BUR4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-20T11:25:35.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372305937-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372305937-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372305937-2.jpg
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Craig Strong of Compass () and Kristin Neithercut of Compass()