Properties

Burbank, CA 91505 140 N Pass Avenue

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Presented By: Somboon Nakorn with Keller Williams Glendale;
  • MLS# 25555629
  • 06/20/2025
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  • Beds • 6
  • Baths • 4
  • SQFT • 4,077
  • Garage • 5

Home Details

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.
Presented By: Somboon Nakorn with Keller Williams Glendale;

Interior Features for 140 N Pass Avenue

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths5

Other Interior Features

Common Walls1 Common Wall
Fireplace FeaturesBath, Kitchen, Living Room
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCrown Molding
Laundry FeaturesCommon Area, Stacked
Total Stories2

General for 140 N Pass Avenue

AccessibilityNone
AppliancesDisposal, Gas Range, Refrigerator
Buyer FinancingSeller Financing
Cap Rate4.5
Carport Spaces
CityBurbank
Construction MaterialsStucco
CountyLos Angeles
DirectionsFrom 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
Electric Expense1800
Entry LocationGround Level w/steps
Full Baths
Garage Spaces5
Garage Y/NYes
Gross Income146258
HOANo
HeatingNatural Gas
Insurance Expense9000
LevelsTwo
Living Area4077
Lot Size Square Feet5691
Lot Size UnitsSquare Feet
MLS Area610 - Burbank
Net Operating Income94540
New ConstructionNo
Number Of Units Total5
Number of Units Leased4
Occupancy TypeTenant
Open Parking Spaces1
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionClose Plus 3 Days
PostalCityBURBANK
Property Attached Y/NYes
Property ConditionUpdated/Remodeled
Property TypeResidential Income
RoofComposition, Shingle
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerSewer Tap Paid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Taxes$30,000
Tenant PaysCable TV, Electricity, Gas, Trash Collection, Water
ViewCity Lights
Year Built1941
ZoningBUR4*

Exterior for 140 N Pass Avenue

Building Area Total4077
Lot Dimensions52x110
Lot FeaturesRectangular Lot
Lot Size Acres0.1306
Lot Size Area5691
Number of Buildings1
Number of Separate Water Meters5
Parking FeaturesDoor-Multi, Door-Single, Garage, One Space, On Street
Private PoolNo
SpaNo
Total Parking6
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,100,000
MLS#25555629
List Date 06/20/2025
Property Type Multi-Family
Phone 888.795.6274
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