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%.
For sale
$2,399,900
140 N Pass Ave, Burbank, CA 91505
6beds
5baths
4,077sqft
Est.:
Multi Family
Built in 1941
-- sqft lot
$2,256,300 Zestimate®
$589/sqft
$-- HOA
What's special
Two-story rear buildingFive garage parking spacesOn-site laundry roomNew dual-pane windows
- 185 days |
- 157 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: October 14, 2025 at 07:56am
Listed by:
Somboon Nakorn DRE # 00987926 818-432-3200,
Keller Williams Glendale 818-432-3200
Source: CLAW,MLS#: 25555629
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Rooms
- Room types: Breakfast Area
Bathroom
- Features: Low Flow Toilet(s), Shower Stall
Kitchen
- Features: Tile Counters
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas/Electric Range, Disposal, Range/Oven, Refrigerator, Gas Water Heater, Water Heater Unit
- Laundry: Laundry Closet Stacked, In Unit, Common Area, Laundry - Closet Stacked
Features
- Crown Molding
- Flooring: Laminate
- Windows: Mini Blinds
- Has fireplace: Yes
- Fireplace features: Bath, Kitchen, Living Room
Interior area
- Total structure area: 4,077
- Total interior livable area: 4,077 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - 1 Car, Garage - 2 Car, Parking Space, On Street
- Garage spaces: 5
- Uncovered spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level w/steps
- Patio & porch: None
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 5,688.94 Square Feet
- Dimensions: 52 x 110
- Features: Rectangular Lot, Single Lot, Flats
Details
- Additional structures: None
- Zoning: BUR4*
- Special conditions: Standard
- Other equipment: Cable
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- Year built: 1941
Utilities & green energy
- Sewer: In Street Paid
- Water: Water District, District
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Amenities included: None
- Services included: Alarm System
Location
- Region: Burbank
Financial & listing details
- Price per square foot: $589/sqft
- Tax assessed value: $2,023,986
- Date on market: 6/22/2025
- Total actual rent: 162180
- Tenant pays: Electricity, Cable TV, HVAC Maintenance, Gas, Trash Collection, Water
Estimated market value
$2,256,300
$2.14M - $2.37M
$6,568/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2025 | Listed for sale | $2,399,900$589/sqft |
Source:  CLAW #25555629 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$15,285/mo
Principal & interest
$12125
Property taxes
$2320
Home insurance
$840
Climate risks
Neighborhood: Media
Nearby schools
GreatSchools rating
- 7/10R. L. Stevenson Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Dolores Huerta MiddleGrades: 6-8Distance: 1.8 mi
- 9/10Burroughs High SchoolGrades: 9-12Distance: 1.5 mi
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