Value-Add Multifamily Opportunity with Development Upside in Burbank 2247 North Niagara Street is a value-add multifamily investment located in the highly desirable city of Burbank, California. Comprising two existing residential units across two separate structures and situated on an oversized lot, the property offers immediate cash flow with clear avenues for growth. Zoned BUR4, the lot includes an attached garage ideal for conversion to an ADU, and ample space to add two additional detached ADUs-providing investors with a path to significantly increase unit count and income. Whether for pure investment or partial owner-occupancy, this offering is a flexible and strategic entry into one of Los Angeles County's most supply-constrained rental markets. Located in a quiet, residential pocket of Burbank, 2247 North Niagara enjoys close proximity to major economic drivers, including Warner Bros., Disney, NBCUniversal, and the Hollywood Burbank Airport. The property also benefits from easy access to the 5 Freeway, Downtown Burbank's walkable retail and dining core, and some of the region's most respected public schools. This combination of access, lifestyle, and job centers continues to attract long-term renters and supports consistently low vacancy in the submarket. Tenants are drawn to this area for its strong community feel. abundant neighborhood amenities, and short commutes to top-tier employment hubs. Current occupancy is stable, and with one-bedroom and two-bedroom layouts, the property is well-positioned to attract a wide range of renters-from young professionals to small families. As units turn over, investors can increase rents through targeted interior renovations, modernizing kitchens, baths, and finishes to meet market expectations while substantially boosting net operating income. The investment thesis is simple and compelling: add value through ADU development, convert the existing garage, and renovate existing units over time to maximize rent potential. With city and state-level support for housing expansion-including favorable ADU laws-investors have multiple avenues to grow both income and asset value. Whether you're looking to house hack with owner-occupancy or execute a full build-and-hold strategy, 2247 North Niagara Street offers a rare mix of current income, development upside. and long-term appreciation in one of L.A.'s most stable and in-demand submarkets.