2907 W Riverside Dr

Burbank, CA 91505

$1,625,000
Price
5
Beds
4
Baths
3,023 Sq. Ft.
$538 / Sq. Ft.
3,023
Sq. Ft.
$538
per Sq. Ft.

Description

We 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...We 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.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 2907 West Riverside Drive

Zoning
BUR4*
Parcel Number
2485025015
Total Units
4.0
Living Area
3023
Source Living Area
Assessor
Area
Burbank (610)
Vacancy Rate
3%
Lot Size Area
6407
LISTING UPDATED: 01/29/2026 12:11 PM

Property Details for 2907 West Riverside Drive

StatusActive
MLS #26645001
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.15 AC / 6,407 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 2907 West Riverside Drive

Stories2Residences-Year Built1942Building Size-Lot Size0.15 AC / 6,407 SF

Payment Calculator

$9,297 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,920

Property Taxes

$1,377

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2907 West Riverside Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Market Rate
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $98,765
  • Net Operating Income: $70,258.00
  • Gross Income: $101,820
  • Cap Rate: 4.32%
  • Gross Rent Multiplier: $15.96
  • Total Annual Expense: 28507
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1471
  • Lot Size Square Feet: 6407
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-29-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,018.00
  • Unit Actual Rent: $6,055.00
  • Unit Projected Rent: $7,050.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,430.00
  • Unit Actual Rent: $2,430.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $331,500.00
  • Assessed Improvement Percent: 22.81
  • Assessed Land Value: $1,122,000.00
  • Assessed Land Percent: 77.19
  • Assessed Total Value: $1,453,500.00

Property History for 2907 West Riverside Drive

DateEvent & SourcePriceAppreciation
Jan 28, 2026

Listed (Active)

CRMLS #26645001

$1,625,000—
Jan 28, 2026

Listed (Active)

CLAW #26645001

$1,625,000—
Oct 26, 2023

Sold

CRMLS #23309189

$1,475,000—
Oct 26, 2023

Sold

CLAW #23-309189

$1,475,000—
Oct 26, 2023

Sold

SDMLS #23-309189

$1,475,000—
Oct 16, 2023

Pending

CLAW #23-309189

—
Oct 16, 2023

Pending

SDMLS #23-309189

—
Oct 10, 2023

Sold (Public Record)

Public Record #1520765184

$1,475,000—
Sep 7, 2023

Listed (Active)

CRMLS #23309189

$1,600,000—
Sep 7, 2023

Listed (Active)

CLAW #23-309189

$1,600,000—
Sep 7, 2023

Listed (Active)

SDMLS #23-309189

$1,600,000—
DateEvent & SourcePrice
01/28/2026

Listed (Active)

CRMLS #26645001

$1,625,000
01/28/2026

Listed (Active)

CLAW #26645001

$1,625,000
10/26/2023

Sold

CRMLS #23309189

$1,475,000
10/26/2023

Sold

CLAW #23-309189

$1,475,000
10/26/2023

Sold

SDMLS #23-309189

$1,475,000
10/16/2023

Pending

CLAW #23-309189

—
10/16/2023

Pending

SDMLS #23-309189

—
10/10/2023

Sold (Public Record)

Public Record #1520765184

$1,475,000
09/07/2023

Listed (Active)

CRMLS #23309189

$1,600,000
09/07/2023

Listed (Active)

CLAW #23-309189

$1,600,000
09/07/2023

Listed (Active)

SDMLS #23-309189

$1,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2907 West Riverside Drive

Taxable ValueLand$1,122,000Additions$331,500Total$1,453,500
Tax Record2025$16,529 ($1,377 / month)
Home Facts
Total Finished SqFt3,023 SqFtAbove Grade Finished SqFt3,023 SqFtLot Size6,405 SqFtStyleQuadraplexYear Built1942ZoningBUR4*CountyLOS ANGELESAPN2485-025-015

Schools near 2907 West Riverside Drive

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
R. L. Stevenson Elementary School
Public - K to 5
Dolores Huerta Middle
Public - 6 to 8
John Burroughs High School
Public - 9 to 12
Burbank Unified Independent Learning Academy (BUILA)
Public - K to 12
Rating
School
Distance
R. L. Stevenson Elementary School
PublicK to 5

Dolores Huerta Middle
Public6 to 8

John Burroughs High School
Public9 to 12

Burbank Unified Independent Learning Academy (BUILA)
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2907 West Riverside Drive, Burbank, CA 91505

2907 West Riverside Drive is a multi-family home for sale in Burbank, CA 91505. This property was listed for sale on January 28, 2026 by Marcus & Millichap, it's currently listed at $1,625,000. It has been on the market for a total of 2 days and was last sold on October 26, 2023. This listing's school district is Burbank Unified School District. Nearby schools include R. L. Stevenson Elementary School, Dolores Huerta Middle and John Burroughs High School. 2907 West Riverside Drive is a 5-bed, 4-bath, 3,023 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.