Burbank, CA 91505 2924 W Riverside Drive
$2,295,000
25 more
Presented By: Craig Strong with Compass;
Home Details
Welcome to 2924 West Riverside Drive, Burbank, CA! This property offers a remarkable opportunity for those seeking a prime investment in the heart of Burbank. In the sought-after Rancho District, this property boasts a total of 6 units (each its own bungalow with month-to-month tenants). This 3449 square foot gem is a rare find in today's market; each unit features one bedroom and one bathroom private casita, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot of almost 12k sq ft lot, offering ample outdoor space. Two 2-car garages add further value to the property, presenting the potential for additional dwelling units (ADUs) or providing secure parking for tenants. Conveniently located in Burbank, residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including walking distance to Disney and WB Studios, Rancho Equestrian Facilities, and the Toluca Village. The bustling city of Burbank provides a vibrant backdrop for this property, with its thriving community and proximity to major attractions. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate in Burbank. With its desirable location, spacious lot, and potential for expansion, 2924 West Riverside Drive is an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer!
Presented By: Craig Strong with Compass;
Interior Features for 2924 W Riverside Drive
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate, Tile, Wood
Heating Y/NNo
Laundry FeaturesSeeRemarks
Total Stories1
Other Rooms
Entry Level1
General for 2924 W Riverside Drive
Additional Parcels Y/NNo
Attached Garage Yes
Cap Rate4.5
Carport Spaces1.0
Carport Y/NYes
CityBurbank
Construction MaterialsStucco
CountyLos Angeles
Days on Market199
DirectionsSouth of 134, West of Bob Hope Drive
DisclosuresTrustConservatorship
Entry LocationGround Level w/steps
Full Baths
Garage Spaces4.0
Garage Y/NYes
Gross Income160800.0
High School DistrictBurbank Unified
Home Owner AssocNo
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet11771.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income110315.0
New ConstructionNo
Number of Units Leased6
NumberOfUnitsTotal6
Occupancy TypeTenant
Open Parking Spaces1.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionRepairsCosmetic
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Tenant PaysCableTV, Electricity, Gas, Insurance, TrashCollection
View Y/NYes
Waterfront Y/NNo
Year Built1939
Year Built SourceAssessor
ZoningBUR4*
Exterior for 2924 W Riverside Drive
Building Area Total3449.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.2702
Lot Size Area11771.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Covered, Garage, Private, OneSpace
SpaNo
Total Parking6.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480