242 N Cordova Street, Burbank, CA 91505
Local realty services provided by:ERA North Orange County Real Estate
242 N Cordova Street,Burbank, CA 91505
$995,000
- 4 Beds
- 3 Baths
- 2,320 sq. ft.
- Multi-family
- Active
Listed by: kenny stevens, david krygier
Office: compass
MLS#:26668651
Source:CRMLS
Price summary
- Price:$995,000
- Price per sq. ft.:$428.88
About this home
242 N. Cordova St. presents an FHA-eligible triplex located 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 LA's most established entertainment employment hubs. Major studios including Warner Bros., Walt Disney Studios, and ABC Television anchor the surrounding area, while the nearby Burbank 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. Offered at $995,000, the property is priced at approx. $331,667 per unit and $429 per SF, presenting an accessible entry point into a submarket where demand is consistently driven by proximity to major employment centers. The offering includes a VACANT one-bdrm unit, creating a clear owner-user opportunity supported by favorable FHA financing terms and the ability to offset occupancy costs with in-place rental income from the remaining units. 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 backyard patio areas that lend themselves to outdoor use, whether for entertaining, casual dining, or day-to-day tenant enjoyment. 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, offering a clear path to improved long-term performance while maintaining a manageable unit count and strong underlying fundamentals. Taken together, 242 N. Cordova St. offers a rare combination of owner-user flexibility, meaningful rental upside, and immediate proximity to Burbank's core studio employment base; positioning the asset for both stable in-place performance and long-term growth.**Please contact LA2 for additional info**....
Contact an agent
Home facts
- Year built:1949
- Listing ID #:26668651
- Added:1 day(s) ago
- Updated:March 24, 2026 at 02:51 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Living area:2,320 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1949
- Building area:2,320 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Bungalow
- Levels:1 Story
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$428.88
Parking
- Total parking spaces:3
- Parking description:Door Single, Garage
- Garage:Yes
- Garage spaces:3
New listings near 242 N Cordova Street
- New
$749,900Active2 beds 2 baths1,365 sq. ft.456 E San Jose Avenue #B, Burbank, CA 91501
MLS# GD26062225Listed by: MAXIMUM REALTY & PROPERTY MGN. - New
$1,875,000Active-- beds -- baths2,978 sq. ft.701 N 6th, Burbank, CA 91501
MLS# SR26056585Listed by: RE/MAX ONE - New
$1,100,000Active-- beds -- baths1,660 sq. ft.3007 W Victory Boulevard, Burbank, CA 91505
MLS# BB26060282Listed by: EMPOWER REAL ESTATE - New
$1,100,000Active-- beds -- baths1,600 sq. ft.3009 W Victory Boulevard, Burbank, CA 91505
MLS# BB26060564Listed by: EMPOWER REAL ESTATE - New
$1,100,000Active-- beds -- baths1,600 sq. ft.3013 W Victory, Burbank, CA 91505
MLS# BB26060598Listed by: EMPOWER REAL ESTATE - New
$2,750,000Active-- beds -- baths3,894 sq. ft.1113 N Glenoaks, Burbank, CA 91504
MLS# SR26060849Listed by: PINNACLE ESTATE PROPERTIES - Open Thu, 11am to 2pmNew
$2,399,000Active4 beds 4 baths2,804 sq. ft.419 S Griffith Park Drive, Burbank, CA 91506
MLS# 26667357Listed by: REALTY EXECUTIVES HOMES - Open Thu, 11am to 1pmNew
$769,000Active2 beds 3 baths1,259 sq. ft.527 E Cypress Avenue #C, Burbank, CA 91501
MLS# 26667157Listed by: COMPASS - New
$1,099,990Active3 beds 2 baths2,050 sq. ft.1331 N Lamer Street, Burbank, CA 91506
MLS# BB26048406Listed by: BRAD KORB REAL ESTATE GROUP