Back to Search
2907 W Riverside Dr
For Sale $1,625,000 ($537.55 per Sq Ft)
$1,625,000 ($537.55 per Sq Ft)
- 5 Bedrooms
- 4.00 Bathrooms
- 3,023 Sq Ft
- 6,407 Sq Ft
Description
We are pleased to present 2907 W Riverside Drive, a four-unit multifamily investment offering approximately 17% rental upside, rear-alley ADU potential, and completed capital improvements in Burbank's highly sought-after Media District.Constructed in 1942, the property totals approximately 3,023 rentable square feet on a 6,595 square foot lot. The unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-and-a-half-bath unit. All units are separately metered for gas and electricity with individual water heaters, minimizing owner utility exposure. Four detached single-car garages along the rear alley provide covered parking and create ideal configuration for potential ADU development under Burbank's ADU ordinance.In-place rents are approximately 17% below market, creating clear upside through natural turnover and light interior renovations. Current rents reflect long-term tenancy rather than functional obsolescence. A new owner can capture meaningful income growth through standard upgrades including flooring, cabinetry, countertops, appliances, and fixtures. Key capital items have been addressed including a new roof and comprehensive plumbing upgrades, materially reducing near-term capital exposure.Situated directly adjacent to Johnny Carson Park and immediately south of Warner Bros. Studios, the property benefits from consistent tenant demand driven by entertainment industry employment while operating under Burbank's tenant protection framework, which is generally more flexible than Los Angeles City rent stabilization. The location places residents within distance of major entertainment employers including Warner Bros., Disney, Nickelodeon, Cartoon Network, and DreamWorks Animation, while maintaining a quiet residential character enhanced by park frontage. Residents enjoy proximity to Magnolia Park, Downtown Burbank dining including Porto's Bakery, Burbank Town Center, and convenient 134 Freeway access to Studio City, Glendale, and Hollywood.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,625,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,023 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1942 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2485025015 |
| MLS # | 26645001 |
| Property ID | 292427602 |
| Lot Sqft | 6,407 |
| Zoning | BUR4* |
| Total Units | 4 |
| Days on Market | 33 |
| Original List Price | $1,625,000 |
| Date Updated | February 05, 2026 |
| Date Created | January 28, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.50 | $2,430 | $2,850 |
| Unit #2 | 1 | 1.00 | $2,018 | $7,050 |
| Gross Income (Yr) | $ 98,765 |
| Operating Expenses | $ 28,507 |
| Net Income (Yr) | $ 70,258 |
| Cap Rate | 4.32% |
Listing Provided By
Filip Niculete an agent of Marcus & Millichap. Lic #01905352
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of February 05, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT