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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.
Property Type(s):
Residential Income
| Last Updated | 7/17/2025 | Year Built | 1948 |
|---|---|---|---|
| Community | 610 - Burbank | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AREA | 610 - Burbank |
|---|---|
| GARAGE | Yes |
| LOT | 6826 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Off Street, Paved |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Justin White
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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