Under Contract

140 N Pass Avenue

Burbank, CA 91505

$2,100,000 $8,853/Mo

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Overview

Bed

Bath

4,077

Sqft

5,691

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $2,100,000

AD Id : 65532701

MLS Id : 25555629

Beds : 6

Lot Size : 5,691 Sqft

Living Area Size : 4,077

Year Built : 1941

Garage : 5

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 6

Bathroom Information

Total Baths: 5 Full Baths: 0 Half Baths: 0

Water/Sewer

Water Source: Public Sewer: Sewer Tap Paid
Interior Features

Roof: Composition,Shingle Interior Features: Crown Molding Property Appliances: Disposal,Gas Range,Refrigerator Fireplace: Bath,Kitchen,Living Room Flooring: Laminate
Heating Source

Natural Gas Has Heating

Fireplace

Fireplace Features: Bath,Kitchen,Living Room Has Fireplace: 1

Building Information

Year Built: 1941 Building Area Total: 4,077 Construction: Stucco Roof: Composition,Shingle
Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features

None

Pool Features

None

Laundry Features

Common Area,Stacked

Patio And Porch

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1306 Lot Size Dimensions: 52x110
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5691

Listing Price Information

Original List Price: 2,100,000 Listing Contract Date: 2025-06-20
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2485007012

Garage and Parking

Garage Description: Door-Multi,Door-Single,Garage,One Space,On Street

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas,Trash Collection,Water

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: 610 - Burbank Postal Code Plus 4: 4243 Directions: From 134 Freeway to the west, exit at Olive Ave, and turn left on West Alameda Ave, then turn left on Pass Ave, the property is on the left side Zoning: BUR4* Source Property Type: Residential Income Area: 610 - Burbank
Building and Construction

Property Age: 85 Common Walls: 1 Common Wall Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 4077 Entry Location: Ground Level w/steps Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
611 N Buena Vista Street, Burbank, CA, 91505	$1,389,000	3	2	1,301	1,301 SqFt
1701 N Naomi, Burbank, CA, 91505	$999,000	2	1	984	984 SqFt
1436 N Frederic, Burbank, CA, 91505	$1,699,999	3	3	1,828	1,828 SqFt
124 N Naomi, Burbank, CA, 91505	$2,500,000	--	--	4,500	4,500 SqFt
2514 W Chandler Boulevard, Burbank, CA, 91505	$1,695,000	4	--	2,051	2,051 SqFt
530 N Naomi, Burbank, CA, 91505	$1,299,000	3	3	2,365	2,365 SqFt
1505 N Naomi Street, Burbank, CA, 91505	$953,000	2	2	1,358	1,358 SqFt
2912 W Riverside Drive, Burbank, CA, 91505	$1,875,000	4	--	2,930	2,930 SqFt
1739 N Niagara, Burbank, CA, 91505	$1,070,000	2	2	1,028	1,028 SqFt
2924 W Riverside Drive, Burbank, CA, 91505	$2,295,000	6	--	3,449	3,449 SqFt

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Sqft(Lot)

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ByOwner last updated this listing 06/07/2026 @ 00:41

MLS: 25555629 LISTED BY: Somboon Nakorn, Keller Williams Glendale 818-432-3200 SOURCE: CRMLS