140 N Pass Avenue, Burbank, CA 91505
Local realty services provided by:ERA Excel Realty
140 N Pass Avenue,Burbank, CA 91505
$2,100,000
- 6 Beds
- 5 Baths
- 4,077 sq. ft.
- Multi-family
- Active
Listed by: somboon nakorn, erika de leon
Office: keller williams glendale818-432-3200
MLS#:25555629
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$515.08
About this home
Sellers will carry the 1st loan with an acceptable down payment, and offer the interest rate at 5.00% fixed for the first 5 years. The buyer's potential has a positive cash flow with interest payment only. 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 March 31, 2026. 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 to increase the cap rate higher than 4.51% and have a potential Value Add by building a new ADU above the current garage or converting it to an ADU. The building has minimal maintenance....
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Home facts
- Year built:1941
- Listing ID #:25555629
- Added:374 day(s) ago
- Updated:July 01, 2026 at 01:26 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Flooring:Laminate
- Kitchen Description:Gas Range, Refrigerator
- 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
- Lot Features:Rectangular Lot
- Construction Materials:Stucco
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$515.08
Features and amenities
- Appliances:Disposal, Gas Range, Refrigerator
- Laundry features:Common Area, Stacked
- Amenities:Carbon Monoxide Detectors, Crown Molding, Smoke Detectors
Parking
- Total parking spaces:6
- Parking description:Door Multi, Door Single, Garage, On Street, One Space
- Garage:Yes
- Garage spaces:5
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