140 N Pass Avenue, Burbank, CA 91505

• 4,077 sqft

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 conver

Listing Status:

Active

Date Added:

June 20, 2025

Data Last Updated:

April 2, 2026 at 7:07AM

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 LightsView

Utilities

• Utilities: Other Water/Sewer
• Water: Other
• Sewer: Other