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… Read More 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. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
108
Last Updated
Property Type
Other
Beds
14
Square Ft.
8,416
Lot Size
0.14 Acres
Year Built
1988
MLS Number
25577599
30 Days Snapshot Of 91505
$1.24M
+3%
(avg) sold price
6
+50%
homes sold
42
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range, Range Hood, Garbage Disposal, Range/Oven
Building
8,416 sq ft, Built in 1988, Levels: Two
Cooling
Central
Disclosures
None
Floors
Carpet, Laminate
Garage
Subterranean, Gated
Heating
Central, Fireplace
Laundry
Room
Lot
LotAcreage: 0.1443, LotSizeArea: 6,285
Parking
CoveredParking: 16, TotalParking: 16
Pool
PoolYN: False, None
Property
NumberOfUnits: 8, Zoning: BUR4*
Spa
Has spa, None
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