2344 N Niagra, Burbank, CA 91504
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
2344 N Niagra,Burbank, CA 91504
$1,400,000
- - Beds
- - Baths
- 3,781 sq. ft.
- Multi-family
- Active
Listed by:justin white
Office:justin white
MLS#:CRPW25162367
Source:CAMAXMLS
Price summary
- Price:$1,400,000
- Price per sq. ft.:$370.27
About this home
Prime Burbank Multifamily with Income, ADU Potential & Development Upside! 2344 Niagara Street is a fully occupied four-unit multifamily property located in the highly desirable city of Burbank, California. The property includes two separate structures: a two-story duplex (2814 Thornton) built in 1902 and a single-story rear duplex (2344-46 Niagara). Combined, they total 3,781 square feet on an oversized 8,751 square foot BUR4-zoned lot. While the buildings are largely unrenovated—aside from a recently installed new roof—they generate immediate in-place income and offer significant value-add potential through both interior improvements and future development. The offering is $200 per SF below the average comparable. The unit mix is predominantly two-bedroom apartments, with one one-bedroom unit, providing a strong base for market-rate repositioning. Current annual income is approximately 40% below market levels. With modest renovations completed during natural tenant turnover, projected gross income could surpass typical returns for multifamily investments in Burbank. While cosmetic and interior upgrades are needed, the property offers an immediate operational baseline with considerable upside for investors focused on long-term appreciation and rent growth. Located just 0.5 m
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Home facts
- Year built:1902
- Listing Id #:CRPW25162367
- Added:26 day(s) ago
- Updated:August 14, 2025 at 05:13 PM
Rooms and interior
- Living area:3,781 sq. ft.
Structure and exterior
- Year built:1902
- Building area:3,781 sq. ft.
- Lot area:0.2 Acres
Finances and disclosures
- Price:$1,400,000
- Price per sq. ft.:$370.27
Bay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 14, 2025New listings near 2344 N Niagra
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