Burbank, CA 91505 140 N Pass Avenue

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Presented By: Somboon Nakorn with Keller Williams Glendale;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25555629
  • 06/22/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 6
  • Baths • 5
  • SQFT • 4,077
  • Garage • 5

Home Details

Exceptional 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 a prime candidate for Airbnb or short-term rentals, offering significantly higher revenue compared to traditional annual leasing. 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 based on AirBNB income, at which time rents can be adjusted by California's rent control guidelines. Bonus income potential: 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 5.5%.
Presented By: Somboon Nakorn with Keller Williams Glendale;

Interior Features for 140 N Pass Avenue

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths5

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesBath, Kitchen, LivingRoom
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCrownMolding
Laundry FeaturesCommonArea, Stacked
Total Stories2

General for 140 N Pass Avenue

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDisposal, GasRange, Refrigerator
Attached Garage No
Cap Rate4.8
Carport Spaces0.0
Carport Y/NNo
CityBurbank
Construction MaterialsStucco
CountyLos Angeles
DirectionsFrom 134 Freeway to the west, exit at Olive Ave, and turn left on West Alameda Ave, then turn left on Pass Ave, the property is on the left side
Electric Expense1800.0
Entry LocationGround Level w/steps
Full Baths
Garage Spaces5.0
Garage Y/NYes
Gross Income162180.0
HOANo
HeatingNaturalGas
Home Warranty Y/NNo
Insurance Expense9000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5691.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income115135.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased4
Occupancy TypeTenant
Open Parking Spaces1.0
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionClosePlus3Days
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Taxes$30,000
Tenant PaysCableTv, Electricity, Gas, TrashCollection, Water
ViewCityLights
Year Built1941
ZoningBUR4*

Exterior for 140 N Pass Avenue

Building Area Total4077.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions52x110
Lot FeaturesRectangularLot
Lot Size Acres0.1306
Lot Size Area5691.0
Number of Buildings1
Number of Separate Water Meters5
Parking FeaturesDoorMulti, DoorSingle, Garage, OneSpace, OnStreet
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,399,900
MLS#25555629
List Date 06/22/2025
Property Type Multi-Family
Phone 714.742.6515
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