140 N Pass Avenue, Burbank, CA 91505

• 4,077 sqft

Property Description

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 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 August 31, 2025. 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. With rent increases taking effect, coupled with low building expenses and minimal maintenance, this property has the potential to achieve a cap rate exceeding 5.0%.

Listing Status:

Active

Date Added:

June 20, 2025 at 05:00AM

Listing Office:

Keller Williams Glendale : 818-432-3200

Listing Agent:

Somboon Nakorn : 818-432-3200

MLS ID:

CL25555629

Interior

• Laundry: Common AreaOther
• Flooring: Laminate
• Heating: Natural Gas

Exterior

• Parking: OtherOn Street

Construction

• General: Stucco

Location

• County: Los Angeles

Lot

• Zoning: BUR42485007012
• View: City Lights

Utilities

• Utilities: Other Water/Sewer
• Water: Other

This listing courtesy of Somboon Nakorn, Keller Williams Glendale