2344 N Niagra, Burbank, CA 91504

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Sep

Mon

Sep

Tue

Sep

Glen Henderson

[email protected] +1(619) 889-7646

$1,400,000

Est. payment - /mo

7 Beds

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25162367

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

Prime Burbank Multifamily with Income, ADU Potential & Development Upside! 2344 Niagara Street is a fully occupied four-unit multifamily property located in the highly desirable city of Burbank, California. The property includes two separate structures: a two-story duplex (2814 Thornton) built in 1902 and a single-story rear duplex (2344-46 Niagara). Combined, they total 3,781 square feet on an oversized 8,751 square foot BUR4-zoned lot. While the buildings are largely unrenovatedaside from a recently installed new roofthey generate immediate in-place income and offer significant value-add potential through both interior improvements and future development. The offering is $200 per SF below the average comparable. The unit mix is predominantly two-bedroom apartments, with one one-bedroom unit, providing a strong base for market-rate repositioning. Current annual income is approximately 40% below market levels. With modest renovations completed during natural tenant turnover, projected gross income could surpass typical returns for multifamily investments in Burbank. While cosmetic and interior upgrades are needed, the property offers an immediate operational baseline with considerable upside for investors focused on long-term appreciation and rent growth. Located just 0.5 miles from the I-5 Freeway and less than a half-mile from Hollywood Burbank Airport, the property offers excellent regional connectivity and is in close proximity to major employment centers including Warner Bros., Disney, and NBCUniversal. Tenants benefit from access to the highly rated Burbank Unified Sc

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Corner of Thornton & North Niagra

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 2464008036

Read Less Info

Listed by Justin White Justin White

Get More Information

Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2344 N Niagra Burbank, CA 91504

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information