2247 Niagra

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.

This home located at 2247 Niagra is currently active and has been available on pardeeproperties.com for 1 day. This property is listed at $1,100,000. It has 3 beds and 2 bathrooms. The property was built in 1948. 2247 Niagra is in the Burbank community of Los Angeles County.

The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.