$1,100,000

2247 Niagra, Burbank, CA 91504

1,360 sqft

Duplex
Built in 1948
6,826sqft lot
2 car garage
$809/sqft
Listed 5 months ago

Property Description

2247 N Niagara Street is a rare investment opportunity in the heart of Burbank, featuring 2 residential units across separate structures on a large BUR4-zoned lot. The site offers immediate rental income with significant upside through ADU development—convert the attached garage and build two additional detached ADUs by right under California's favorable housing laws. The layout and zoning also make it ideal for an owner-user seeking a strategic foothold in a high-demand market. Just minutes from Warner Bros., Disney, NBCUniversal, the Hollywood Burbank Airport, and the 5 Freeway, the property sits in a quiet, residential neighborhood with strong connectivity and appeal. Downtown Burbank's vibrant dining and retail, top-rated schools, and low local vacancy rates ensure continued tenant demand and long-term stability. With a mix of 1- and 2-bedroom units, the asset offers flexibility for renters and potential to push rents through unit turnover and interior renovations. Investors may also opt for an owner-occupied approach, using the legal eviction process that requires advance written notice and a minimum of 3 months' relocation assistance to legally vacate a tenant and occupy a unit. Whether pursuing a traditional value-add plan, building additional units, or leveraging the owner-occupant angle, 2247 North Niagara combines cash flow, development potential, and long-term appreciation in one of L.A.'s most enduring rental submarkets.

Listing Status:: Active
Date Added:: July 17, 2025 at 05:00AM
Listing Office:: Justin White : 714-231-2537
Listing Agent:: Justin White : 714-231-2537
MLS ID:: PW25161490

Laundry: See Remarks

Pool: None
Parking: Off StreetPavedParking spaces: 2

General: 1

HOA Amenities: 0.0
Originating MLS: CRMLS
County: Los Angeles

Zoning: 2464006014

Water: Public
Sewer: Unknown

Source: CRMLS

This listing courtesy of Justin White, Justin White

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Providencia Elementary

1919 N Ontario St, Burbank, CA, 91505

Grades KG-5

0.36 miles away

Magnolia Park

1915 W Monterey Ave, Burbank, CA, 91506

Grades 6-12

0.78 miles away

Magnolia Park

1915 W Monterey Ave, Burbank, CA, 91506

Grades 6-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.