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
Sale Details
- Cap Rate4.32%
- Stabilized Cap Rate5.34%
- In-Place Cap Rate4.32%
- GRM15.96
- Potential GRM13.68
- Cash-on-Cash4.32%
- In-Place Rents2,121
- Market Rents2,475
- Rents Below Market17%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units4
- Occupancy97%
- Unit Mix1BR
- Average Unit Size756 SF
- Average Rent2,121 $/mo
- Year Built1942
- Year Renovated2025
- ZoningBUR4
Property Details
- Property TypeMultifamily
- Total Units4
- Occupancy97%
- Unit Mix1BR
- Average Unit Size756 SF
- Average Rent2,121 $/mo
- Year Built1942
- Year Renovated2025
- ZoningBUR4













Deal Team

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
Sale Details
- Cap Rate4.32%
- Stabilized Cap Rate5.34%
- In-Place Cap Rate4.32%
- GRM15.96
- Potential GRM13.68
- Cash-on-Cash4.32%
- In-Place Rents2,121
- Market Rents2,475
- Rents Below Market17%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units4
- Occupancy97%
- Unit Mix1BR
- Average Unit Size756 SF
- Average Rent2,121 $/mo
- Year Built1942
- Year Renovated2025
- ZoningBUR4
Property Details
- Property TypeMultifamily
- Total Units4
- Occupancy97%
- Unit Mix1BR
- Average Unit Size756 SF
- Average Rent2,121 $/mo
- Year Built1942
- Year Renovated2025
- ZoningBUR4
Deal Team

