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NewLuxury

$2,325,000

7,144 sqft$325/sqft4 days on market

3027 W Riverside Drive

Burbank, CA 91505

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

7,144

Square feet

1941

Built

Listing narrative

Description

First time on the market in 35 years. Don't miss this excellent opportunity to acquire a well-located five-unit multifamily 5 unit apartment building in a highly desireable area of Burbank. There are (4) - 1 Bedroom units and (1) - 2 bedroom unit. There are (3) - 1 car garages and (1) - 2 car garage with Teal Ct access. This income producing building has approximately 4,363 square feet and sits on a 7,160 square foot corner lot. The property offers a desirable unit mix and on-site parking plus plenty of curbside parking. It provides a strong rental demand with stable income and potential upside. Perfect for investors seeking consistent cash flow. It is close to major studios, Minutes from Warner Bros, Disney, NBC Studios, and Downtown Burbank. Easy access to the 101, 134, and 5 Freeways. This property enjoys proximity to Burbank’s thriving media district and a wide range of retail and dining options. Burbank remains one of Southern California’s most desirable multifamily investment markets, supported by its strong employment base and limited housing supply.

Listing agent (MLS): Darrell Belisle · Listing brokerage (MLS): So Cal Life Realtors Inc.

Property Details

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Price

$2,325,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

7,144 sqft

Baths

Baths n/a

Lot Size

0.16 acres

Year

1941

Status

New

Days on Market

4

$ / Sqft

$325

· 8% down, 7% APR, 30yr fixed
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Courtesy of So Cal Life Realtors Inc.