900 Riverside Dr Burbank, CA 91506-3211
- Turn key restaurants
- 5,196 SF
- 0.32 lot acres
Current Use by Public Records
- Celia's Rancho Restaurante / Mexican Restaurant
Property Details for 900 Riverside Dr
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,480,000
- 6.5%
- $2,310,000
- 7%
- $2,210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,205,000
- Geo Method
- $2,710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,600,000
- Retail
- $2,125,000
- Mixed-Use
- $2,425,000
- Hospitality
- $2,370,000
- Educational
- $2,090,000
- Residential Income
- $2,210,000
- Energy
- $2,035,000
- Income-Based Land
- $2,340,000
- Food Service
- $2,195,000
Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Los Angeles
- State
- California
- Longitude
- -118.311
- Latitude
- 34.1607
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
