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242 N Cordova Street, 
Burbank, CA 91505

$1,150,000


4

Beds


3

Baths


2,320

Sq Ft


Multi-Family

Sold

Listed by

Kenny Stevens

, 

David Krygier

Bought with Non-Participant Office

Compass

310-230-5478

MLS#

26668651

Source:

CRMLS

Sorry, we are unable to map this address

About This Home

242 N Cordova Street

***Offer Deadline - Saturday, 3/28 at 5PM*** 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.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1949

Price Summary

995,000

$428 per Sq. Ft.

MLS #:

26668651

Sold:

April 24, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

2,320 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow

Building Area:

2,320 Sq. Ft.

Year Built:

1949


Lot

Lot Size (Sq. Ft):

6,621


Finances & Disclosures

Finances

Price:

$995,000

Price per Sq. Ft:

$428 per Sq. Ft.

Source:CRMLS
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