1301 N Cordova St · Burbank, CA 91505

$1,049,000

12 bd · 9.0 ba · 1,925 sqft · MultiFamily · 2 Days on market

Built 1948 Fair condition 5,768 sqft lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.9/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Amazing opportunity to remodel a great triplex fixer in PRIME Burbank to flip or to collect market rents in a thriving rental market! Delivered completely VACANT, this rare offering is ideal for investors, owner-users, or buyers looking to live in one unit while rental income from the others helps offset the mortgage. The property features a 2 bed/1 bath unit, a 1 bed/1 bath unit, and an upstairs 1 bed/1 bath unit with a huge sunroom/family room and beautiful mountain views. Each unit is separately metered for gas and electric, and each has its own water heater. Additional highlights include a separate laundry room for Units A and B, laundry hookups in the garage for Unit C, and three separ

Key facts

• Laundry hookups
• Mountain views
• 5,768 sq ft lot

Tags

• SEPARATE LAUNDRY ROOM
• LAUNDRY HOOKUPS
• THREE SEPARATE GARAGES
• MOUNTAIN VIEWS
• TRIANGULAR SHAPED LOT

Property features AI

Finance

• Other: Property listed as a fixer
• Financial info: Gross income: $99,000; Net operating income: $94,000; Total annual expenses: $5,000; Gross rent multiplier: 10.6; Vacancy rate listed as 100%; Units are rented (scheduled rents): Unit 1 $3,000, Unit 2 $2,750, Unit 3 $2,500
• HOA & community: Complex contains 3 units

Exterior

• Parking: Attached and detached garage options; Driveway; Total of 4 garage spaces; 4 total parking spaces
• Utilities: Owner pays water and gardener; Tenants pay electric and gas
• Home design: Residential income property (triplex); Two-level building; Single building with 3 units
• Construction: Has water heaters
• Exterior features: Landscaped lot; Gazebo; Mountain view; Alley access

Interior

• Kitchen: Microwave (included)
• Bedrooms: Unit 1: 2 bedrooms (main level); Unit 2: 1 bedroom; Unit 3: 1 bedroom
• Bathrooms: Unit 1: 1 bathroom; Unit 2: 1 bathroom; Unit 3: 1 bathroom
• Heating & cooling: Wall/window air conditioning units; Floor furnace heating; Wall heating (electric/other)
• Interior features: Main-level entry; Microwave; Laundry room
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3 × 4-bed/3.0-bath units multifamily listed at $1.05M. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive. Per door: $660/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $1.05M).
• Cap rate 8.6% vs local median 1.8% in Burbank — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#174 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, employment A, commute A-; Watch: health & safety C-, crime F, cost of living F.
• Burbank Unified (urban): math 43% / reading 60% proficiency, ranked #128 of 517 in CA (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.7%/yr); 57 active listings in the ZIP; solid renter incomes; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $11,684/mo this rent would consume 128% of the median local household income ($110k/yr) (locally 1749% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $31k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,049,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.09%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.73% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-58,383
• Equity at exit: $156,409

10-year hold

• IRR: 2.7%
• Equity multiple: 1.18×
• Total profit: $53,364
• Equity at exit: $90,698

Cash invested: $293,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 91505

• Rents YoY: 1.7%
• Active inventory: 57
• Price-to-rent: 22.4×

Monthly cashflow live

• Estimated rent: $11,684 high
• Mortgage (P&I): −$5,501
• Tax est. 1.5%: −$1,311 /mo · $15,735/yr
• Insurance: −$437
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,454
• Net cashflow: $1,981

Break-even live

Break-even rent $9,176

Max offer price $1,049,000

Occupancy floor 78%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	4	3	$11,685
Total (3 units)			$11,684

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $262,250
• Closing costs: $31,470
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-18
   days on market $1,049,000 Active 2 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $1,049,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $140,208
• − Mortgage interest: −$58,760
• − Property taxes: −$15,735
• − Insurance: −$5,245
• − Repairs & maintenance: −$11,217
• − Management: −$11,217
• − Depreciation: −$30,516
• Taxable income: $7,518
• Est. tax owed @ 24.0%: −$1,804
• After-tax cash flow: $21,967/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This triplex fixer-upper requires moderate renovations to bring it up to current standards, with a focus on updating the kitchen and bathrooms to improve both resale and rental value.

Repairs flagged

• Major kitchen cabinets — dated and worn
• Major bathroom fixtures — outdated and in poor condition
• Major interior walls — pink walls with peeling paint

Value-add opportunities

• Both paint interior walls — enhances curb appeal and interior aesthetics
• Both replace kitchen cabinets — modernizes the space and improves functionality
• Both update bathroom fixtures — modernizes the space and improves functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Major	$15,000–50,000
bathroom fixtures · outdated and in poor condition	Major	$15,000–50,000
interior walls · pink walls with peeling paint	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both paint interior walls — enhances curb appeal and interior aesthetics ↑
• Both replace kitchen cabinets — modernizes the space and improves functionality ↑
• Both update bathroom fixtures — modernizes the space and improves functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Burbank Unified
• NCES district ID: 0606450
• Math proficiency: 43% ▼ -8.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $65,970
• Composite: 45.49/100
• National rank: #2612
• State rank: #128 of 517 in CA

Livability — Burbank

• Score: 73/100
• State rank: #174
• US rank: #5646

Category grades

Amenities A+ Commute A- Cost of living F Crime F Employment A Housing C+ Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burbank, CA
• County: Los Angeles County · 9,444,647 people
• City population: 108,034
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 31,744
• Household income: $109,953
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 1749.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 50% Hispanic / Latino 29% Two or more races 19% Asian 10% Black 3%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Slovak 3% Romanian 2% Italian 2%
• Foreign-born: 18% · Canada, China, South Korea
• Languages at home: 73% English-only · Spanish 14% Other Indo-European 4% Other Asian/Pacific 3%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1290.12%
• Current HPI: 409.4762
• Rent YoY: ▲ 1.73%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

1 event — show timeline

• 2026-06-16 Listed $1,049,000 TheMLS