2344 N Niagra, Burbank, CA 91504

• 7 beds
• 3,781 sqft

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 0.5 m

Listing Status:

Active

Date Added:

July 18, 2025 at 05:00AM

Listing Office:

Justin White : 714-231-2537

Listing Agent:

Justin White : 714-231-2537

MLS ID:

CRPW25162367

Interior

• Laundry: See Remarks

Exterior

• Parking: Off StreetOther

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 2464008036

Utilities

• Utilities: Other Water/Sewer

This listing courtesy of Justin White, Justin White