CA > Burbank
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
Burbank, CA 91505,215 N Cordova ST
Burbank, CA 91505,215 N Cordova ST
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 4,150,000
Est. payment | /mo

14 Beds

18 Baths

8,416 SqFt

Save
$ 4,150,000
Est. payment | /mo
Save

14 Beds

18 Baths

8,416 SqFt

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

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

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 Marcus & Millichap

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Owner | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.