140 N Pass Avenue, Burbank, CA 91505
Local realty services provided by:ERA Carlile Realty Group
140 N Pass Avenue,Burbank, CA 91505
$2,399,900
- 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:$2,399,900
- Price per sq. ft.:$588.64
About this home
Sellers will carry the 1st loan with an acceptable down payment. 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 a prime candidate for Airbnb or short-term rentals, offering significantly higher revenue compared to traditional annual leasing. 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 is based on Airbnb income, at which time rents can be adjusted by California's rent control guidelines. Bonus income potential: The new owner can increase revenue through separate charges for garage parking and storage. With rent increases taking effect, coupled with low building expenses and minimal maintenance, this property has the potential to achieve a cap rate exceeding 5.5%.
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Home facts
- Year built:1941
- Listing ID #:25555629
- Added:101 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
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:$2,399,900
- Price per sq. ft.:$588.64
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