NOT LISTED FOR SALE
6 Beds
6 Baths
3,449 Sq Ft
0.27 Acres

Last Sold July 09, 2024

Last sale price $2,000,000 $580 Per Sq Ft

145 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Views
  • R. L. Stevenson Elementary School Rated A
  • 4 Car Garage
  • Tile Countertops

About This Home

As of July 2024

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!

Last Agent to Sell the Property

Craig Strong

Compass License #01450987 Listed on: 01/16/2024

Compass

Co-Listed By

Kristin Neithercut

Compass License #02003278

Last Buyer's Agent

Craig Strong

Compass License #01450987 Listed on: 01/16/2024

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.27 Acre Lot
  • Landscaped
  • Level Lot
  • Sprinkler System

Parking

  • 4 Car Garage
  • 1 Open Parking Space
  • 1 Attached Carport Space

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,449 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dining Area
  • Property Views

Kitchen

  • Oven or Range
  • Tile Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms
  • Shower Only

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Location

  • Property is near a park

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Multi-Tank Hot Water Heater
  • Sewer in Street

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 2485-029-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Garden Home
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 3449
  • Lot Acreage: 0.2702
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Stories: 1
  • Year Built: 1939
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 6
  • Number Range: 6
  • Flooring: Hardwood, Laminate, Tile
  • Bedrooms: 6
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • Bathroom Features: Shower Stall
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Ceiling Fan, Gas Dryer Hookup, Range/Oven
  • Price Per S Q F T: 665.41

Exterior Features

  • Construction: Stucco
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 4
  • Other Spaces: 1
  • Covered Parking: 5
  • Garage Structures: 4
  • Number Rented Garages: 4
  • Parking Garage: Attached, Carport Attached, Covered Parking, Detached, Parking Space, Garage Is Attached, Garage Is Detached, Garage - 4+ Car, Garage, Private Garage
  • Total Parking: 6

Utilities

  • Water Heater: Multi-Tank
  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Schools

  • School District: Burbank Unified

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 54.68
  • Assessed Improvement Value: 79858
  • Assessed Land Percent: 45.32
  • Assessed Land Value: 66186
  • Total Assessed Value: 146044
  • Assessor Parcel Number: 2485-029-019
  • Lot Description: Lot-Level/Flat, Landscaped, Sidewalks, Walk Street
  • Lot Location: Flats, Park Nearby
  • Lot Size Area: 11771

Rental Info

  • Number Leased: 6
  • Owner Pays: Gardener, Water
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.21
  • Number Of Units: 6
  • Total Annual Expense: 48877
  • Type Of Units: Bungelows
  • Vacancy Rate: 0

MLS Schools

  • School District: Burbank Unified

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $2,000,000 0.0% $580 / Sq Ft
06/09/2024 06/09/24 Pending -- -- --
05/29/2024 05/29/24 Off Market $2,000,000 -- --
04/19/2024 04/19/24 Price Changed $2,295,000 -4.2% $665 / Sq Ft
03/22/2024 03/22/24 Price Changed $2,395,000 -2.0% $694 / Sq Ft
02/29/2024 02/29/24 Price Changed $2,445,000 -2.0% $709 / Sq Ft
01/16/2024 01/16/24 For Sale $2,495,000 -- $723 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-347833

The MLS