CA > Burbank
Burbank, CA 91505,215 N Cordova ST
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Burbank, CA 91505,215 N Cordova ST
Burbank, CA 91505,215 N Cordova ST
Burbank, CA 91505,215 N Cordova ST
Burbank, CA 91505,215 N Cordova ST
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Mauri Tamborra

Mauri Tamborra

+1(720) 371-0101
$ 4,150,000
Est. payment /mo
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Price Dropped by $125K

215 N Cordova ST Burbank, CA 91505

14 Beds

18 Baths

8,416 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,416 sqft

Price per Sqft $493

MLS Listing ID 25577599

Bedrooms 14

HOA Y/N No

Year Built 1988

Lot Size 6,285 Sqft

Property Description

We are pleased to present 215 North Cordova Street, a rare eight-unit multifamily investment opportunity located in the heart of Burbank moments from major entertainment and media campuses. This is the first time the property has been offered for sale in 37 years and is being sold by the original developer's family. Constructed in 1988, the property is comprised entirely of townhouse-style units, featuring two one-bedroom/one-and-a-half-bathroom units and six two-bedroom/two-and-a-half-bathroom units. All units are separately metered for gas and electricity and equipped with individual water heaters. In 2025, main panels and subpanels were replaced delivering 60 amps per unit supporting modern tenant utility needs and long-term asset preservation. Residents enjoy secure, gated access and a total of sixteen subterranean parking spaces accessible via two separate points of ingress and egress. The property also features an on-site laundry facility, offering added convenience and ancillary income.215 N Cordova is fully stabilized and boasts approximately 10% rental upside, making it ideal for an investor seeking steady cash flow with potential for organic income growth over time. The building sits on a 6,285 square foot R-4 zoned lot in one of the most desirable areas of Burbank. Positioned just steps from Whole Foods and within a short distance of The Burbank Studios (home to major productions such as Jeopardy!, and Wheel of Fortune, Warner Bros Studios, Walt Disney Studios, and the Providence Saint Joseph Medical Center, the property is ideally situated to benefit from high housing demand driven by the entertainment, healthcare, and creative industries. The site is also located near the new Warner Bros Ranch redevelopment, a major expansion project that is expected to include nearly 926,000 square feet of office and production space, further reinforcing the area's employment base and long-term rental demand. Proximity to the 134 Freeway ensures excellent access to surrounding areas including Toluca Lake, Studio City, Glendale, and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central, Fireplace(s)

Cooling Central Air

Flooring Carpet, Laminate

Fireplace No

Appliance Disposal, Range, Range Hood

Laundry Laundry Room

Exterior

Parking Features Underground, Gated

Pool None

Total Parking Spaces 16

Private Pool No

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2483012023

Special Listing Condition Standard

CRMLS – RECore
Listed by Sevak Keshishian Marcus & Millichap
Mauri Tamborra

Mauri Tamborra

Broker Associate, REALTOR®, CNE, CDPE, EcoBroker, RE/MAX Circle of Legends | License ID: CA DRE 02132134|CO DRE 042397

+1(720) 371-0101

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215 N Cordova ST