900 Riverside DrBurbank, CA 91506

Property Details for 900 Riverside Dr

Year built

1948

Construction

WOOD

Lot size

0.32 AC

Property size (Sq ft)

5,196 SF

Zone code

BUM1*

Property type

Turn key restaurants

APN

2443-003-014

APU

2443003014

Description

This exceptional opportunity presents a well-established restaurant and bar in Burbank's desirable Rancho District. Boasting a rich history of over 60 years, this 5,196 square foot property is a turnkey operation ready for a new owner. The building features a main dining area complete with a bar and inviting patio, plus an additional dining space with a second bar, and a dedicated banquet room, perfect for private events. A large, fully equipped preparation kitchen ensures efficient service, complemented by a service line, walk-in cooler, dry storage, and a liquor cabinet. The sale includes a Type 47 Liquor License, and the existing furniture and fixtures are available for purchase separately. Eleven on-site parking spaces provide ample convenience for patrons. The property enjoys a highly advantageous location, adjacent to the Los Angeles Equestrian Center and across from the Pickwick Lane Homes development. Its proximity to major landmarks like The Burbank Studios, Providence Saint Joseph Medical Center, and Walt Disney Studios, further enhances its appeal. The surrounding area boasts strong demographics, with over 500,000 people within a 5-mile radius and an average annual household income exceeding $115,000, promising a robust customer base. This 0.32-acre lot presents a rare chance to acquire a thriving business in a prime location. The asking price is $3,150,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,489,501

  6.5%

  $2,298,001

  7%

  $2,133,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,489,940

  Geo Method

  $2,489,940

• Alternative Use

  Use

  Valuation

  Residential

  $1,938,450

  Hospitality

  $1,775,610

  Educational

  $1,477,286

  Medical

  $1,528,092

  Retail

  $2,298,001

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1607

Longitude

-118.311

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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