242 N Cordova St is a bungalow-style triplex located in Burbank’s Media District, positioned on a quiet residential street just north of the 134 Freeway.

The property sits approx. 0.6 miles from the core of the Media District, placing it within close proximity to Warner Bros., Walt Disney Studios, and ABC Television. This part of Burbank continues to attract renters due to its direct connection to entertainment and media employment, along with a growing mix of restaurants, coffee shops, and neighborhood retail.

A Media District Location Supported by Employment Anchors

242 N Cordova St benefits from immediate access to one of the most established employment hubs in the San Fernando Valley. Warner Bros., Disney, and ABC anchor the surrounding area, while the nearby Burbank Portfolio, a 3.2M+ SF office campus owned by Blackstone and Worthe, houses major tenants including Warner Bros., Disney, Legendary, and CBS Interactive.

Demand in this part of Burbank is tied directly to employment. Tenants are drawn to proximity to studios and office campuses rather than short-term retail trends, which helps support long-term occupancy.

Low-Density Bungalow Layout With Residential Feel

The property consists of (1) 2-bed unit and (2) 1-bed units arranged in a bungalow-style layout. The configuration emphasizes separation between units, open space, and a more residential living experience compared to typical stacked apartment product. Mature landscaping, a front lawn, and spacing between structures allow the property to blend into the surrounding neighborhood.

This type of layout continues to perform well in Burbank, where renters often prefer quieter, low-density settings near employment centers.

Parking and Garage Configuration With ADU Potential

At the rear of the property is a detached structure with (3) individual one-car garages, along with additional driveway and surface parking. The garage setup may present future ADU potential, subject to buyer verification. This introduces an additional layer of upside beyond rent increases within the existing units. Units are separately metered for gas and electricity, providing flexibility for future ownership.

Competitive Entry Point With Significant Rental Upside

242 N Cordova St is offered at $995,000, equating to approx. $331,667 per unit and $429 per SF. Based on renovated rental comparables in the surrounding Burbank market, the property offers approxi. 72% rental upside. At projected market rents, the asset is expected to stabilize at a 5.70% CAP and 12.19 GRM.

The current pricing provides an entry point into a location where demand is driven by proximity to major studios and office users.

Conclusion

242 N Cordova St offers a 3-unit bungalow-style property in the heart of Burbank’s Media District, supported by direct access to Warner Bros., Disney, and surrounding office campuses. The combination of low-density layout, stable in-place income, and approx. 72% rental upside creates a clear path to improved performance in a submarket where demand is tied to long-term employment drivers.

For buyers evaluating Burbank multifamily opportunities near the Media District, our current listings can be viewed here.