RateMyAgentGo to search
Back 140 N Pass Ave
Active

140 N Pass Ave

Burbank CA 91505

6
5
1
4077 sq. ft.
5691 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
5 bathrooms
1 carspace
1 open car space
5 garage spaces
4077 sq. ft. floor area
5691 sq. ft. lot size
Other

Property history for 140 N Pass Ave

2019
Rented
Undisclosed
11 Feb 2019 by Ramsey-Shilling Assoc
2017
Rented
Undisclosed
23 Sep 2017 by Keller Williams - Glendale

Happy sellers in Burbank

~%

We have insufficient information to provide an overview of customer satisfaction for Burbank. Viewing the agent profiles, reviews and sales for Burbank can provide insights for this location.

Local market activity for 6 bedroom other properties in Burbank

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap