140 N Pass Avenue

Burbank, CA 91505

  • 6 Bed(s)
  • 0 Bath(s)
  • 4,077 Sqft
  • 5691
    Sqft(Lot)
$2,399,900

Description

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%.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50242290

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Property Details

  • Bedroom Information

    • Total Bedrooms : 6

    Bathroom Information

    • Total Baths: 5
    • Full Baths: 0
    • Half Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

    Interior Features

    • Roof : Composition,Shingle
    • Interior Features: Crown Molding
    • Property Appliances: Disposal,Gas Range,Refrigerator
    • Fireplace: Bath,Kitchen,Living Room
    • Flooring: Laminate

    Heating Source

    • Natural Gas
    • Has Heating

    Fireplace

    • Fireplace Features: Bath,Kitchen,Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1941
    • Building Area Total: 4,077
    • Construction: Stucco
    • Roof: Composition,Shingle

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Common Area,Stacked

    Patio And Porch

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1306
    • Lot Size Dimensions: 52x110
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 5691

  • Listing Price Information

    • Original List Price: 2,399,900
    • Listing Contract Date: 2025-06-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2485007012

  • Garage and Parking

    • Garage Description: Door-Multi,Door-Single,Garage,One Space,On Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas,Trash Collection,Water

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 610 - Burbank
    • Postal Code Plus 4: 4243
    • Directions: From 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
    • Zoning: BUR4*
    • Source Property Type: Residential Income
    • Area: 610 - Burbank

    Building and Construction

    • Property Age: 84
    • Property Condition: Updated/Remodeled
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4077
    • Entry Location: Ground Level w/steps
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/29/2025 @ 18:15

  • MLS: 25555629
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 4,077 sqft, 5,691 sized lot, and 5 parking. are nearby neighborhoods.