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Craig Strong
Compass
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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!
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Total Bedrooms : 6
Total Baths: 6
Full Baths: 0
Half Baths: 0
Sewer : Other
Roof : Composition,Shingle
Interior Features: Ceiling Fan(s)
Flooring: Laminate,Tile,Wood
Year Built: 1939
Building Area Total: 3,449
Construction: Stucco
Roof: Composition,Shingle
Raised
None
See Remarks
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2702
Lot Size Source: Assessor
Lot Size Square Feet: 11771
Original List Price: 2,295,000
Listing Contract Date: 2024-01-16
Listing Agreement: Seller Reserved
Parcel Number: 2485029019
Garage Description: Attached Carport,Covered,Garage,Private,One Space
Attached Garage: Yes
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Insurance,Trash Collection
Source Listing Status: Active
Source Neighborhood: 610 - Burbank
Postal Code Plus 4: 4730
Directions: South of 134, West of Bob Hope Drive
Zoning: BUR4*
Source Property Type: Residential Income
Area: 610 - Burbank
Property Age: 85
Property Condition: Repairs Cosmetic
Year Built Source: Assessor
Total Square Feet Living: 3449
Entry Level: 1
Entry Location: Ground Level w/steps
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
124 N Pass Avenue #3, Burbank, CA,91505 | $3,395 | 2 | 1 | 850 | 5553 Sqft |
3200 W Riverside Drive #A, Burbank, CA,91505 | $899,000 | 2 | 3 | 1,683 | 14649 Sqft |
1317 N Kenwood Street, Burbank, CA,91505 | $1,349,000 | 3 | 2 | 1,034 | 6121 Sqft |
235 N Lima Street, Burbank, CA,91505 | $2,699,000 | 5 | 4 | 2,700 | 6696 Sqft |
4140 Warner Boulevard #.., Burbank, CA,91505 | $539,500 | 1 | 1 | 760 | 24274 Sqft |
3110 W Chandler Boulevard, Burbank, CA,91505 | $999,900 | 2 | 2 | 1,159 | 3367 Sqft |
3807 W Victory Boulevard, Burbank, CA,91505 | $1,899,000 | 9 | 6 | 3,697 | 6502 Sqft |
710 N Buena Vista Street, Burbank, CA,91505 | $1,249,000 | 3 | 1 | 1,298 | 6001 Sqft |
3300 W Chandler Boulevard, Burbank, CA,91505 | $998,000 | 4 | 2 | 1,320 | 4451 Sqft |
841 N Pass Avenue, Burbank, CA,91505 | $1,895,000 | 3 | 2 | 1,686 | 6864 Sqft |
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ByOwner last updated this listing 05/22/2024 @ 10:07
MLS: 24347833
LISTED BY: Craig Strong, Compass
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.