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242 N Cordova St
Burbank CA 91505 US

$995,000

Active Listing ID 26668651
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4 bed
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3.00 Bath (2 Full)
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Lot: 0.15 Acres
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Other

$995,000

Active Listing ID 26668651
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242 N Cordova St 242 N. Cordova St. presents a well-located triplex in the heart of Burbank's Media District, positioned within a quiet residential pocket just north of the 134 Freeway and approx. 0.6 miles from the core of one of Los Angeles' most established entertainment employment hubs. Major studios including Warner Bros., Walt Disney Studios, and ABC Television anchor the surrounding area, while the nearby Media District continues to evolve with a growing mix of restaurants, coffee shops, and neighborhood retail that cater to both industry professionals and long-term residents. The property also benefits from proximity to the Burbank Portfolio, a 3.2M+ SF collection of Class A office buildings owned by Blackstone and Worthe Real Estate Group, housing major tenants such as Warner Bros., Disney, Legendary, and CBS Interactive. Offered at $995, 000, the property is priced at approximately $331, 667 per unit and $429 per SF, providing a competitive entry point where demand is consistently driven by proximity to major studio and office employment centers. The property is fully occupied, offering stable in-place income while presenting a clear path to future rent growth. The asset is comprised of (1) 2-bdrm. units and (2) 1-bdrm. units arranged in a low-density, bungalow-style layout that emphasizes privacy, separation, and a residential living experience. Set along a tree-lined street, the property blends naturally into its surrounding neighborhood, with mature landscaping, open lawn space, and spacing between units that contributes to a setting more commonly associated with single-family housing than traditional multifamily product. At the rear of the property is a detached structure featuring (3) individual one-car garages, along with additional driveway and surface parking. The garage configuration may present future ADU potential, subject to buyer verification, offering an additional layer of long-term upside beyond the existing unit mix. Additional amenities include a private front lawn and shared outdoor areas that lend themselves to everyday tenant use, while the units are separately metered for gas and electricity, providing operational flexibility for future ownership. From an investment standpoint, the property presents approx. 72% rental upside based on renovated comparable units in the surrounding Burbank market. At projected market rents, the asset is expected to stabilize at a 5.70% CAP and 12.19 GRM. Taken together, 242 N. Cordova St. offers significant potential within a low-density, character-driven format; located in the heart of Burbank's Media District, one of the San Fernando Valley's most established entertainment employment hubs.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Cooling System: Wall/Window Unit(s)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 995000
  • unparsedaddress: 242 N Cordova St
  • postalcity: Burbank
  • stateorprovince: CA
  • country: US
  • postalcode: 91505
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.152
  • lotsizeunits: Acres
  • lotsizearea: 0.152
  • livingarea: 2320
  • livingareaunits: Square Feet
  • latitude: 34.156141
  • longitude: -118.339782
  • listagentfullname: Kenny Stevens
  • listagentemail: kenny@kennystevensteam.com
  • listagentkey: 3yd-CLAWCA-X90606
  • listagentmlsid: X90606
  • listagentpreferredphone: 3109687005
  • listagentofficephone: 3102305478
  • listofficekey: 3yd-CLAWCA-X81461
  • listagentstatelicense: 01090251
  • listofficemlsid: X81461
  • disclaimer: Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1949
  • listingcontractdate: 2026-03-23
  • listagenturl: www.kennystevensteam.com
  • countyorparish: Los Angeles
  • parcelnumber: 2483-014-002
  • cooling: Wall/Window Unit(s)
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 3
  • parkingfeatures: Garage
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.33978, 34.15614
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kenny@kennystevensteam.com", "ListBrokerageCity":"Los Angeles", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"90212", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9454 Wilshire Blvd. #400", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"9454 Wilshire Blvd. Suite 400", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"X81461", "ListOfficeCity":"Beverly Hills", "ListOfficeCountry":"USA", "ListOfficeEmail":null, "ListOfficePostalCode":"90212", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Burbank, CA", "ListingURL":null, "MLSModificationTimestamp":"2026-03-24 15:01:37", "Neighborhoods":[{"Description":null, "Name":"Burbank"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/24/2026 10:07:40 PM GMT
Source Updated Date: 3/27/2026 7:14:45 AM GMT

Courtesy of: Kenny Stevens, Compass, kenny@kennystevensteam.com

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.