NOT LISTED FOR SALE

2907 W Riverside Dr Burbank, CA 91505

Media District Neighborhood

Estimated Value: $1,545,000 - $1,680,000

5 Beds
4 Baths
3,023 Sq Ft
$532/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $1,475,000 $488 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,778/month

39 Days on Market

Highlights

  • 4 Car Attached Garage
  • Air Conditioning
  • 4-minute walk to Johnny Carson Park
  • R. L. Stevenson Elementary School Rated A

About This Home

As of October 2023

Garden-style walk-up located adjacent to famed "Johnny Carson Park" and immediately south of Burbank Studios. Situated on a 6,405 square foot lot the subject property consists of three (3) one-bedroom units and one (1) two-bedroom unit located on the second level. The property offers four single car garages located in the rear of the property via alley access. The property is separately metered for gas & electricity with individual hot-water heaters in each unit.

Last Agent to Sell the Property

Maurius Jeffery

Marcus & Millichap License #01738154 Listed on: 09/07/2023

Last Buyer's Agent

Justin Seigel

ADR/Preferred Bus.Prop License #02104699

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,032

Year Built

  • Built in 1942

Lot Details

  • 6,404 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 3,023 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2485-025-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,032

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3023
  • Lot Acreage: 0.1470
  • Probate: No
  • Stories: 2
  • Year Built: 1942
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 529.28

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 0.03
  • Assessed Improvement Value: 163
  • Assessed Land Percent: 99.97
  • Assessed Land Value: 595034
  • Total Assessed Value: 595197
  • Assessor Parcel Number: 2485-025-015
  • Lot Size Area: 6404

Rental Info

  • Total Actual Rent: 92040.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.38
  • Number Of Units: 4
  • Total Annual Expense: 31431
  • Type Of Units: Residential
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 10, 2023
Sold by
Grant Family Trust and Grant Valerie J
Bought by
Seaside Property Holdings Llc
Seller's Agent
Maurius Jeffery
Marcus & Millichap
Buyer's Agent
Justin Seigel
ADR/Preferred Bus.Prop
List Price
$1,600,000
Sold Price
$1,475,000
Premium/Discount to List
-$125,000
-7.81%
Views
366
Current Estimated Value
$1,609,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,723
Avg. Annual Appreciation
4.54%

Purchase Details

Closed on
Dec 17, 2021
Sold by
Grant William J and Grant Patsy J
Bought by
Grant Family Trust and Grant

Purchase Details

Closed on
Apr 19, 2001
Sold by
Grant Patsy J
Bought by
Grant Patsy J and The Patsy J Grant Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Seaside Property Holdings Llc $1,475,000 Old Republic Title Company
Grant Family Trust -- Bowne Robert R
Grant William J -- Bowne Robert R
Grant Patsy J -- Bowne Robert R
Grant Patsy J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2023 10/26/23 Sold $1,475,000 -7.8% $488 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $1,600,000 -- $529 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,032 $1,453,500 $1,122,000 $331,500
2024 $16,032 $1,425,000 $1,100,000 $325,000
2023 $7,115 $607,100 $606,934 $166
2022 $6,798 $595,197 $595,034 $163
2021 $6,759 $583,527 $583,367 $160
2019 $6,491 $566,221 $566,065 $156
2018 $6,384 $555,119 $554,966 $153
2016 $5,988 $533,565 $533,417 $148
2015 $5,868 $525,551 $525,405 $146
2014 $5,874 $515,258 $515,114 $144
Source: Public Records

Agents Affiliated with this Home

  • Maurius Jeffery

    Seller's Agent in 2023

    Maurius Jeffery

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    2 Total Sales

    Maurius Jeffery
    Section Image

  • J

    Buyer's Agent in 2023

    Justin Seigel

    ADR/Preferred Bus.Prop

See All Agents

Map

Source: The MLS

MLS Number: 23-309189

The MLS

APN: 2485-025-015

California Los Angeles County Burbank 91505 Media District

2907 W Riverside Dr, Burbank, CA

This home is located at 2907 W Riverside Dr, Burbank, CA 91505 since 07 September 2023 and is currently estimated at $1,609,723, approximately $532 per square foot. This property was built in 1942. 2907 W Riverside Dr is a home located in Los Angeles County with nearby schools including R. L. Stevenson Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

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