SoldApr 24, 2026

Listed by David Krygier and Kenny Stevens

Source: Combined LA Westside Multiple Listing Service, Inc #26668651

242 North Cordova Street, Burbank, CA, 91505

$1,150,000

4
3
3
2320 sq. ft.
6623 sq. ft.

Other

17 days on the market

Sold: Apr 24, 2026

What's around 242 North Cordova Street

About this property

***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.

Looking for more information on 242 North Cordova Street?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar property sold nearby

SoldAug 5, 2026
$1,175,000
A/1301 North Cordova Street
Burbank CA 91505
4
3
4
Other
Listing courtesy of Berkshire Hathaway HomeServices California Properties (Sherman Oaks, 91423) and Kidder Mathews of California. Inc

Browse properties sold in nearby areas

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent