2907 W Riverside Drive, Burbank, CA 91505

Burbank
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2907 W Riverside Drive,Burbank, CA 91505
$1,625,000
  • 5 Beds
  • 4 Baths
  • 3,023 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap
MLS#:26645001
Source:CRMLS

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 #:26645001
  • Added:53 day(s) ago
  • Updated:March 23, 2026 at 01:18 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Living area:3,023 sq. ft.

Structure and exterior

  • Year built:1942
  • Building area:3,023 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Finances and disclosures

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

Parking

  • Total parking spaces:4
  • Parking description:Garage
  • Garage:Yes
Based on information from California Regional Multiple Listing Service, Inc. as of March 24, 2026 . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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