Given its prime location in the heart of the Burbank Media Center, directly between Warner Bros Studios and Walt Disney Studios, the property grants its tenants convenient access to several major media employers. Because the property is subject only to Burbank's local rent ordinance, an investor can benefit from higher allowable rent increases and more favorable landlord privileges when compared with similar properties in Los Angeles. Each of the units contains its own in-unit washer/dryer and has its own parking garage, with these amenities helping to attract higher-paying tenants. The roof was recently replaced and the plumbing has been upgraded with copper pipes. A new owner may potentially add significant value by constructing new ADUs on the property as well, given its existing parking garages and additional open parking area (Buyer to verify). In addition to the numerous studios within Burbank, including Walt Disney Imagineering, Nickelodeon Studios, Dreamworks Animation, and Cartoon Network, the property allows tenants comfortable commutes to several employers within nearby Studio City, Glendale, and Hollywood.
Media Center, located between Magnolia Boulevard and the I-5, is a residential and commercial Burbank neighborhood with studio-adjacent streets and a walkable pocket of cafes. The neighborhood’s character concentrates around the Magnolia Blvd corridor near Hollywood Way, where coffee counters, indie boutiques, and casual eateries keep sidewalks active. The Burbank Town Center (AMC Burbank 16), the Gordon R. Howard Museum, and the Burbank Public Library’s Buena Vista Branch act as familiar community anchors. Low-slung mid-century apartments and tidy bungalows mix with newer mixed-use buildings along the main drags. Tree-lined blocks soften the edges of the media-office grid. Parks and civic spaces nearby add a steady, everyday rhythm.
Provided by Walk Score and Local Logic
Offer insights
2912 W Riverside Dr · $1,875,000
$1.87M and above
75% chance or better to win
Why $1.87M+ is a strong offer
DAYS ON MARKET
256 days
The average home goes pending in 68 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Living
Interior features
Residential income property with four similar units
Actual rent collected is shown as reported
Bedrooms
Units include one-bedroom apartments (4 like units)
Bathrooms
Each unit has one bathroom
Kitchen
No specific kitchen appliance details provided
Laundry & utility
No laundry or utility appliance details provided
Flooring
Flooring details not provided
Heating & cooling
Other heating
Other cooling
Exterior features
No additional exterior amenities listed
Zoning: BUR4*
Home design
Two-level building
Residential income property
Parking
Assigned detached garage
Total of 6 parking spaces
Security
No security features listed
Construction
No construction material, roof, foundation, or year-built details provided
No additional structures on site
Utilities
No water, sewer, or power details provided
HOA & community
Four units in the complex
Financial info
Gross income reported: 110,280
Gross operating income reported: $107,572
Net operating income reported: $76,095
Total annual expenses reported: $31,477
Cap rate reported: 4.06
Gross rent multiplier reported: 16.91
Income reporting type: Actual
Unit-level rents (per unit type): Current rent listed as $2,297; projected rent $9,580; actual rent $9,190 (for set of like units)
Other
Assessed values are available but excluded from this summary
Electricity and solar
View estimated energy costs and solar savings for this home
True Pride of Ownership Gem located right in the Media Capital of the World. Walking distance to Walt Disney Studios, Warner Bros Entertainment, Providence Saint Joseph Medical Center, Blue Ribbon Award winning Providence High School, Johnny Carson Park and many more. It is rare to find assets like this in such a prime area. Well maintained, 4 enclosed garages, manicured landscaping, ease of management, copper plumbing, real hardwood floors, stacked washer and dryer in each unit, upside in rents, historically low vacancy factor due to location and proximity to media industry. Buyer to cooperate with a seller 1031 tax exchange at no cost to the buyer.
CRMLS #1801044
Apr 9, 1998
Sold
$315,000
$108/sq ft
Trust Sale. Sold Ras Isr Condition. Do Not Disturb Tenants!All Offers Subject To Interior Inspection.
Year
Property tax
Land + Additions
Assessment*
2025
$13,744 (+3.4%)
$721,106 + $480,737
$1,201,843
2024
$13,289 (+1.1%)
$721,106 + $480,737
$1,201,843
2023
$13,149 (+4.7%)
$706,967 + $471,311
$1,178,278
2022
$12,554 (+0.4%)
$693,105 + $462,070
$1,155,175
2021
$12,500 (+1.1%)
$679,515 + $453,010
$1,132,525
2020
$12,362 (+3.1%)
$666,192 + $444,128
$1,110,320
2019
$11,995 (+0.7%)
$659,362 + $439,575
$1,098,937
2018
$11,906 (+2.1%)
$646,434 + $430,956
$1,077,390
2017
$11,661 (+3.2%)
$621,333 + $414,222
$1,035,555
2016
$11,303 (+2.1%)
$621,333 + $414,222
$1,035,555
2015
$11,074 (+131.6%)
$609,150 + $406,100
$1,015,250
2014
$4,781 (+2.9%)
$149,788 + $260,508
$410,296
2012
$4,647 (+2.5%)
$149,112 + $259,331
$408,443
2011
$4,531 (+0.6%)
$146,189 + $254,247
$400,436
2010
$4,503 (+1.6%)
$143,323 + $249,262
$392,585
2009
$4,433 (+2.1%)
$142,252 + $247,400
$389,652
2008
$4,342
$142,590 + $247,988
$390,578
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
8,337 Sq. Ft.
Year renovated
1941
Finished Sq. Ft.
2,930
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,930
Year built
1941
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
2485029017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
MDR-4
Media District Residential District
The R-4 High Density Residential Zone is intended for higher density multifamily development, including rental and ownership options. The zone is intended to accommodate a higher intensity of multifamily development. With limited exceptions as allowed through the Conditional Use Permit process, non-residential uses are generally not appropriate in the R-4 Zone.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Climate risks
7/10 Flood Factor
Estimated 22-32% chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
6/10 Heat Factor
8 days above 97° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
11 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Burbank, CA • 91505
Average low and high temperatures (°F)
71
46
73
49
76
53
74
53
77
57
82
61
87
64
90
66
86
65
82
58
73
51
71
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
72/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2912 W Riverside Dr
$1,773,320
$102K under list price of $1.88M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.5M to $2.5M.