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242 N Cordova St
Burbank, CA 91505 McNeil

$995,000 USD

Multifamily For Sale  •  2,320 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,320 SF
  • Lot Size 0.15 AC
  • Year Built 1949
  • Zoning BUR4
40 Transit Score
70 Walk Score

Highlights

Well-located triplex in Burbank’s Media District, approximately 0.6 miles from Warner Bros., Disney, and other major studio employers.
Offered at $995,000, or approx. $331,667 per unit and $429 per SF, providing a competitive entry point in a supply-constrained submarket.
Approx. 72% rental upside based on renovated comparables, with projected stabilization at a 5.70% CAP and 12.19 GRM.
(3) one-bdrm. units in a low-density, bungalow-style layout that offers a residential feel uncommon for multifamily product.
Detached structure with (3) one-car garages presents potential ADU opportunity, subject to buyer verification.
Located within one of the San Fernando Valley’s most established entertainment employment hubs, supporting consistent tenant demand.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Downtown Burbank (Antelope Valley Line - Amtrak, Pacific Surfliner - Amtrak, Ventura County Line - Amtrak) 7 min - 2.9 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.2 mi
AirportDriveWalkDistance
Bob Hope 10 min - 4.8 mi
Los Angeles International 36 min - 25.8 mi
Long Beach (Daugherty Field) 46 min - 33.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: OneCarGarage
Included in Rent: Yes
Kenny Stevens 310-968-7005 Compass
Kenny Stevens 310-968-7005 Compass