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PendingLuxury

$2,295,000

3,449 sqft$665/sqft1027 days on market

2924 W Riverside Drive

Burbank, CA 91505

· 8% down, 7% APR, 30yr fixed

6

Beds

6

Baths

3,449

Square feet

1939

Built

Listing narrative

Description

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!

Listing agent (MLS): Craig Strong · Listing brokerage (MLS): Compass

Property Details

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Price

$2,295,000

Beds

6 bd

Type

House

Home Size

3,449 sqft

Baths

6

Lot Size

0.27 acres

Year

1939

Status

Pending

Days on Market

1027

$ / Sqft

$665

· 8% down, 7% APR, 30yr fixed
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Courtesy of Compass