140 N Pass Ave, Burbank, CA 91505
140 N Pass Ave, Burbank, CA 91505
140 N Pass Ave, Burbank, CA 91505
41
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$2,100,000
Est. payment /mo
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6 Beds
5 Baths
4,077 SqFt
Active Under Contract

140 N Pass Ave Burbank, CA 91505

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Jasmin Conner

Jasmin Conner

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,077 sqft

Price per Sqft $515

MLS Listing ID 25555629

Style Contemporary Mediterranean

Bedrooms 6

Construction Status Updated/Remodeled

Year Built 1941

Lot Size 5,691 Sqft

Acres 0.1306

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUR4*

Rooms

Other Rooms None

Dining Room 0

Kitchen Tile Counters

Interior

Interior Features Crown Moldings, Laundry - Closet Stacked

Heating Natural Gas

Cooling Window Unit(s)

Flooring Laminate

Fireplaces Type Bath, Kitchen, Living Room, Primary Bedroom

Equipment Cable, Garbage Disposal, Range/Oven, Refrigerator

Laundry Laundry Closet Stacked, In Unit, Community

Exterior

Parking Features Garage - 1 Car, Garage - 2 Car, Parking Space, On street

Garage Spaces 6.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition, Shingle

Handicap Access None

Building

Lot Description Lot Shape-Rectangular, Single Lot

Story 2

Sewer In Street Paid

Water Water District, District

Architectural Style Contemporary Mediterranean

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Glendale

NEARBY SCHOOL & BUSINESS

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140 N Pass Ave