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Listed by Justin White • Justin White
$ 1,400,000
Est. payment /mo
Active
2344 N Niagra Burbank, CA 91504
8,751 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25162367
Year Built 1902
Lot Size 8,751 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 unrenovated-aside from a recently installed new roof-they 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
Location
State CA
County Los Angeles
Area 610 - Burbank
Exterior
Parking Features Off-Street Parking, Other
Pool None
Building
Sewer TBD
Water District - Public
Others
Tax ID 2464008036
Special Listing Condition Not Applicable
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