2907 W Riverside Drive, Burbank, CA 91505

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
2907 W Riverside Drive,Burbank, CA 91505
$1,625,000
  • 3 Beds
  • - Baths
  • 3,023 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap
MLS#:CL26645001
Source:CA_BRIDGEMLS

Price summary

  • Price:$1,625,000
  • Price per sq. ft.:$537.55

About this home

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

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Home facts

  • Year built:1942
  • Listing ID #:CL26645001
  • Added:1 day(s) ago
  • Updated:January 30, 2026 at 03:25 PM

Rooms and interior

  • Bedrooms:3
  • Living area:3,023 sq. ft.

Structure and exterior

  • Year built:1942
  • Building area:3,023 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,625,000
  • Price per sq. ft.:$537.55

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