Seller's Agent in 2026
Filip Niculete
Marcus & Millichap
(818) 357-9525
1 in this area
103 Total Sales
2907 W Riverside Dr Burbank, CA 91505
Media District Neighborhood
5
Beds
4
Baths
3,023
Sq Ft
6,407
Sq Ft Lot
Highlights
- 4 Car Garage
- Hutchens Elementary School Rated 10
- 4-minute walk to Johnny Carson Park
About This Home
As of May 2026We are pleased to present 2907 W Riverside Drive, a four-unit multifamily investment offering approximately 17% rental upside, rear-alley ADU potential, and completed capital improvements in Burbank's highly sought-after Media District.Constructed in 1942, the property totals approximately 3,023 rentable square feet on a 6,595 square foot lot. The unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-and-a-half-bath unit. All units are separately metered for gas and electricity with individual water heaters, minimizing owner utility exposure. Four detached single-car garages along the rear alley provide covered parking and create ideal configuration for potential ADU development under Burbank's ADU ordinance.In-place rents are approximately 17% below market, creating clear upside through natural turnover and light interior renovations. Current rents reflect long-term tenancy rather than functional obsolescence. A new owner can capture meaningful income growth through standard upgrades including flooring, cabinetry, countertops, appliances, and fixtures. Key capital items have been addressed including a new roof and comprehensive plumbing upgrades, materially reducing near-term capital exposure.Situated directly adjacent to Johnny Carson Park and immediately south of Warner Bros. Studios, the property benefits from consistent tenant demand driven by entertainment industry employment while operating under Burbank's tenant protection framework, which is generally more flexible than Los Angeles City rent stabilization. The location places residents within distance of major entertainment employers including Warner Bros., Disney, Nickelodeon, Cartoon Network, and DreamWorks Animation, while maintaining a quiet residential character enhanced by park frontage. Residents enjoy proximity to Magnolia Park, Downtown Burbank dining including Porto's Bakery, Burbank Town Center, and convenient 134 Freeway access to Studio City, Glendale, and Hollywood.
Last Agent to Sell the Property
Marcus & Millichap License #01905352 Listed on: 01/28/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942
Lot Details
- 6,407 Sq Ft Lot
Parking
- 4 Car Garage
Interior Spaces
- 3,023 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 2485-025-015
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2026
Closed on
May 21, 2026
Sold by
Bought by
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$1,625,000
Sold Price
$1,590,000
Premium/Discount to List
-$35,000
-2.15%
Views
99
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$1,192,500
Interest Rate
0.063%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 7, 2023
Closed on
Oct 10, 2023
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Purchase Details
Closed on
Dec 17, 2021
Sold by
Bought by
Purchase Details
Closed on
Apr 19, 2001
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,590,000 | Ticor Title | |
| Grant Deed | $1,475,000 | Old Republic Title Company | |
| Gift Deed | -- | Bowne Robert R | |
| Gift Deed | -- | Bowne Robert R | |
| Deed | -- | Bowne Robert R | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,192,500 | New Conventional |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2026 05/27/26 | Sold | $1,590,000 | -2.2% | $526 / Sq Ft | |
| 05/15/2026 05/15/26 | Pending | -- | -- | -- | |
| 01/28/2026 01/28/26 | For Sale | $1,625,000 | +10.2% | $538 / Sq Ft | |
| 10/26/2023 10/26/23 | Sold | $1,475,000 | -7.8% | $488 / Sq Ft | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,529 | $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
-
Filip Niculete
-
Glen Scher
Seller Co-Listing Agent in 2026
Glen Scher
Marcus & Millichap
(818) 212-2700
1 in this area
61 Total Sales
-
Maurius Jeffery
Seller's Agent in 2023
Maurius Jeffery
Marcus & Millichap
(213) 943-1800
1 in this area
2 Total Sales
-
Justin Seigel
Buyer's Agent in 2023
Justin Seigel
ADR/Preferred Bus.Prop
(818) 715-0965
1 in this area
10 Total Sales
Map
Source: The MLS
MLS Number: 26645001
APN: 2485-025-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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