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2907 W Riverside Dr
Burbank, CA 91505 Media Center

$1,625,000 USD

Apartments For Sale  •  3,023 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,023 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1942
  • Zoning BUR4
34 Transit Score
59 Walk Score

Highlights

Prime Burbank Media District Location - Adjacent to Johnny Carson Park and moments from Warner Bros. Studios, supporting consistent tenant demand.
Approximately 17 Percent Rental Upside - In-place rents trail full market levels, offering clear income growth through natural turnover.
Four Rear Garages with ADU Potential - Four detached single-car garages with rear alley access provide an ideal configuration for 1–2 ADUs.
Major Capital Improvements Completed - Recent upgrades include new roof (2021), rebuilt exterior staircase (2023), full window replacement (2011).
Efficient Operating Profile - Separately metered gas and electricity and individual water heaters minimize owner utility exposure.
Ideal 1031 Exchange Asset - Highly desirable four-unit configuration for private investors and 1031 buyers, offering favorable financing.

Amenities

  • 24 Hour Access
  • Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.4 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.9 mi
AirportDriveWalkDistance
Bob Hope 12 min - 5.5 mi
Los Angeles International 36 min - 26.1 mi
Long Beach (Daugherty Field) 44 min - 32.9 mi
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