140 N Pass Avenue, Burbank, CA 91505
Local realty services provided by:ERA Excel Realty
140 N Pass Avenue,Burbank, CA 91505
$2,200,000
- 6 Beds
- 5 Baths
- 4,077 sq. ft.
- Multi-family
- Active
Listed by: somboon nakorn
Office: keller williams glendale
MLS#:25555629
Source:CRMLS
Price summary
- Price:$2,200,000
- Price per sq. ft.:$539.61
About this home
Sellers will carry the 1st loan with an acceptable down payment, and offer the interest lower than the current market rate and potential to have a positive cash flow with a lower down payment. This will be a great Investment Opportunity in the Heart of Burbank. This well-maintained 5-unit property features a desirable front owner's unit and a two-story rear building with four additional rental units. Amenities include five garage parking spaces, one uncovered parking spot, and an on-site laundry room, ideal for both tenant convenience and additional income potential. Perfectly located near Warner Bros. and NBC Studios, and just 15 minutes from Universal Studios. The front unit is owner-occupied; it will be vacant at closing. The property underwent extensive renovations in 2022 and 2023, including a new roof on units and garages and new dual-pane windows in most units (except one). The current leases remain in place through August 31, 2025. The owner unit's rent can be set at the market rent, subject to California's rent control guidelines. The new owner can increase revenue through separate charges for garage parking and storage. Potential Value Add by building a new ADU above the current garage or converting it to an ADU. With rent increases taking effect, coupled with low building expenses and minimal maintenance, this property has the potential to achieve a cap rate exceeding 5.0%.
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Home facts
- Year built:1941
- Listing ID #:25555629
- Added:239 day(s) ago
- Updated:February 16, 2026 at 02:19 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Living area:4,077 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Composition, Shingle
- Year built:1941
- Building area:4,077 sq. ft.
- Lot area:0.13 Acres
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$539.61
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