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1237 N Cordova Street, Burbank, California 91505, Burbank, 91505 - bed, bath

1237 N Cordova Street, Burbank, California 91505 home-pic-0
ACTIVE$1,395,000$2,085/sqft
1237 N Cordova Street, Burbank, California 91505
0Bed
0Bath
2,085Sqft
5,829Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Burbank Location: Located in a highly desirable Burbank neighborhood with close proximity to major studios, shopping, dining, and transportation, ensuring strong tenant demand and consistent rental market performance.
Top Cons:
Age of Property: Built in 1946, the property, despite being 'well-maintained,' may have aging core systems (e.g., plumbing, electrical, roof) that could require significant capital expenditures in the near future.

Compared to the nearby listings

Price:$1.40M vs avg $1.47M ($-72,500)50%
Size:2,085 sqft vs avg 2,609 sqft25%
Price/sqft:$669 vs avg $61250%

More Insights

Built in 1946 (80 years old).
Condition: Built in 1946, this property lacks any interior photos, which strongly suggests severely dated kitchens, bathrooms, and other interior finishes. The listing description mentions 'functional layout' and 'well-maintained' but provides no details of modern renovations. The AI analysis confirms a 'Lack of Specified Modern Upgrades' and highlights 'aging core systems' that may require significant capital expenditures. While the exterior appears maintained, the absence of interior visuals and the property's age indicate that substantial rehabilitation is needed to bring the units up to contemporary standards for tenants.
Year Built
1946
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$669
HOA
-
Days on market
-
Sold On
-
MLS number
BB26011874
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

Prime Burbank Triplex with good cash flow! Located in a highly desirable Burbank neighborhood, this well-maintained single-story triplex offers an excellent opportunity for investors seeking solid rental income in a consistently strong rental market. The property features an ideal unit mix, including one spacious two-bedroom, one-bath unit and two comfortable one-bedroom units—appealing to a wide range of tenants. Each unit enjoys a functional layout, and the property is enhanced by outdoor spaces, including side yards for tenant use and a rear patio area. At the rear of the property is a 2 car garage and a 1 car garage that are accessed via the alley, providing valuable off-street parking. Rents are strong and reflect the property’s desirable location, unit mix, and overall usability, making this a fantastic opportunity for both seasoned investors and those looking to expand their portfolio. With excellent long-term upside, steady cash flow, and close proximity to major studios, shopping, dining, and transportation, this Burbank triplex is a compelling investment in one of the Valley’s most sought-after rental markets.

G
Grace Miranda
Listing Agent

Price History

Date
Event
Price
02/08/01
Sold
$292,000
02/17/16
Sold
$860,000
01/27/06
Sold
$760,000
Condition Rating
Poor
Built in 1946, this property lacks any interior photos, which strongly suggests severely dated kitchens, bathrooms, and other interior finishes. The listing description mentions 'functional layout' and 'well-maintained' but provides no details of modern renovations. The AI analysis confirms a 'Lack of Specified Modern Upgrades' and highlights 'aging core systems' that may require significant capital expenditures. While the exterior appears maintained, the absence of interior visuals and the property's age indicate that substantial rehabilitation is needed to bring the units up to contemporary standards for tenants.
Pros & Cons

Pros

Prime Burbank Location: Located in a highly desirable Burbank neighborhood with close proximity to major studios, shopping, dining, and transportation, ensuring strong tenant demand and consistent rental market performance.
Strong Investment Opportunity & Cash Flow: Described as having 'good cash flow,' 'solid rental income,' and 'excellent long-term upside' in a consistently strong rental market, making it a compelling investment.
Diversified Unit Mix: Features an ideal unit mix of one spacious two-bedroom unit and two comfortable one-bedroom units, appealing to a wide range of tenants and potentially reducing vacancy risk.
Valuable Off-Street Parking: Includes a 2-car garage and a 1-car garage, both accessed via an alley, providing valuable off-street parking which is a significant amenity in an urban setting.
Outdoor Tenant Amenities: Enhanced by outdoor spaces, including side yards for tenant use and a rear patio area, which adds to tenant appeal and quality of life.

Cons

Age of Property: Built in 1946, the property, despite being 'well-maintained,' may have aging core systems (e.g., plumbing, electrical, roof) that could require significant capital expenditures in the near future.
Lack of Specified Modern Upgrades: The description highlights 'functional layout' but does not detail recent interior renovations (kitchens, bathrooms, finishes), suggesting units might be dated and could benefit from upgrades to maximize rental income potential.
Potential for Higher Operating Costs: As an older multi-unit property, it may incur higher ongoing maintenance and repair costs compared to newer constructions, which could impact net operating income over time.
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