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(323) 864-4211
Linda Roth Burrell
140 N Pass Ave, Burbank, CA 91505
- $2,000,000
- 6
- BD
- 5
- BA
- 4,077
- SqFt
- Sold Price
- $2,000,000
- List Price
- $2,100,000
- Closing Date
- Jul 17, 2026
- MLS#
- 25555629
- Year Built
- 1941
- Bedrooms
- 6
- Bathrooms
- 5
- Living Sq. Ft
- 4,077
- Lot Size
- 5,691
- Lot Location
- Flats
- Days on Market
- 318
- Property Type
- Multifamily
- Style
- Contemporary Mediterranean
- Stories
- 2
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.
Additional Information
- Association Amenities
- None
- Lot Description
- Lot Shape-Rectangular, Single Lot
- Other Buildings
- None
- Bedroom Features
- Primary Bedroom
- Kitchen Features
- Tile Counters
- Pool Description
- None
- Heat
- Natural Gas
- Cooling
- Window Unit(s)
- View
- City
- Exterior Construction
- Stucco
- Number of Cars in Garage
- Garage - 1 Car, Garage - 2 Car, Parking Space, On street
- Garage Spaces Total
- 5
- Water
- Water District, District
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Courtesy of Keller Williams Glendale, Somboon Nakorn - CA DRE#00987926 Selling Office: .
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