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Keller Williams
140 N Pass Avenue, Burbank, CA 91505
- $2,000,000
- 6
- BD
- 5
- BA
- 4,077
- SqFt
- Sold Price
- $2,000,000
- List Price
- $2,100,000
- Status
- CLOSED
- Days on Market
- 315
- Closing Date
- Jul 17, 2026
- MLS#
- 25555629
- Subtype
- Residential Income
- Year Built
- 1941
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 4,077
- Lot Size
- 5,691
- Acres
- 0.13
- MLS Area Major
- Burbank (610)
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.
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Additional Information
- Interior Features
- Crown Molding
- Zoning
- BUR4*
- Flooring
- Laminate
- Appliances
- Disposal, Gas Range, Refrigerator
- Heating
- Natural Gas
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition, Shingle
- Pool Type
- None
- Parking Features
- Door-Multi, Door-Single, Garage, One Space, On Street
- Garage Spaces
- 5
- View
- City Lights
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Listing courtesy of Listing Agent: Somboon Nakorn (sambk123@gmail.com) from Listing Office: Keller Williams Glendale.
Selling Office: The Core Agency.Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.