Listing banner image
  • Property Type
    MultifamilyProperty Type
  • City
    BurbankCity
  • Year Renovated
    2025Year Renovated
  • Asking Price
    $1,625,000Asking Price
  • Total Units
    4Total Units
  • Avg. Rent ($/mo)
    2,121 $/moAvg. Rent ($/mo)

Description

2907 West Riverside Drive presents a rare value-add opportunity in Burbank’s coveted Media District. This fully renovated four-unit low-rise multifamily asset, constructed in 1942 and refreshed in 2025, offers a compact 3,023 rentable square feet on a 0.15-acre site. With covered parking for all four units and a 97% occupancy rate, the property delivers immediate cash flow while benefiting from modern finishes and improved curb appeal.

Priced at $1,625,000, or $537.55 per square foot, the investment offers an in-place net operating income of $70,258, yielding a 4.32% cap rate. Pro...

Documents

Offering Summary

  • Asking Price
    $1,625,000
  • Price PSF
    $538
  • Price/Unit
    $406,250

Sale Details

  • Cap Rate
    4.32%
  • Stabilized Cap Rate
    5.34%
  • In-Place Cap Rate
    4.32%
  • GRM
    15.96
  • Potential GRM
    13.68
  • Cash-on-Cash
    4.32%
  • In-Place Rents
    2,121
  • Market Rents
    2,475
  • Rents Below Market
    17%

Documents

Property Address

2907 West Riverside Drive
Burbank, CA 91505

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Occupancy
    97%
  • Unit Mix
    1BR
  • Average Unit Size
    756 SF
  • Average Rent
    2,121 $/mo
  • Year Built
    1942
  • Year Renovated
    2025
  • Zoning
    BUR4

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Occupancy
    97%
  • Unit Mix
    1BR
  • Average Unit Size
    756 SF
  • Average Rent
    2,121 $/mo
  • Year Built
    1942
  • Year Renovated
    2025
  • Zoning
    BUR4

Deal Team

Filip Niculete profile image
Filip Niculete

Description

2907 West Riverside Drive presents a rare value-add opportunity in Burbank’s coveted Media District. This fully renovated four-unit low-rise multifamily asset, constructed in 1942 and refreshed in 2025, offers a compact 3,023 rentable square feet on a 0.15-acre site. With covered parking for all four units and a 97% occupancy rate, the property delivers immediate cash flow while benefiting from modern finishes and improved curb appeal.

Priced at $1,625,000, or $537.55 per square foot, the investment offers an in-place net operating income of $70,258, yielding a 4.32% cap rate. Pro...

Documents

Offering Summary

  • Asking Price
    $1,625,000
  • Price PSF
    $538
  • Price/Unit
    $406,250

Sale Details

  • Cap Rate
    4.32%
  • Stabilized Cap Rate
    5.34%
  • In-Place Cap Rate
    4.32%
  • GRM
    15.96
  • Potential GRM
    13.68
  • Cash-on-Cash
    4.32%
  • In-Place Rents
    2,121
  • Market Rents
    2,475
  • Rents Below Market
    17%

Documents

Property Address

2907 West Riverside Drive
Burbank, CA 91505

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Occupancy
    97%
  • Unit Mix
    1BR
  • Average Unit Size
    756 SF
  • Average Rent
    2,121 $/mo
  • Year Built
    1942
  • Year Renovated
    2025
  • Zoning
    BUR4

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Occupancy
    97%
  • Unit Mix
    1BR
  • Average Unit Size
    756 SF
  • Average Rent
    2,121 $/mo
  • Year Built
    1942
  • Year Renovated
    2025
  • Zoning
    BUR4

Deal Team

Filip Niculete profile image
Filip Niculete
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