2907 W Riverside Drive, Burbank, CA 91505

• 3 beds
• 3,023 sqft

Property Description

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 through standard upgrades including flooring, cabinetry, countertops, appliances, and fixtures. Key capital items have been addressed including a new roof and comprehensive plumbing upgrades, materially reducing near-term capital exposure.Situated directly adjacent to Johnny Carson Park and immediately

Listing Status:

Active

Date Added:

January 28, 2026

Data Last Updated:

February 7, 2026 at 9:08PM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Filip Niculete : 818-212-2763

MLS ID:

CL26645001

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: BUR42485025015

Financial

• Source: CRMLS