$2,000,000
$2,100,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
140 N Pass Avenue Burbank, CA 91505
4,077 SqFt
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,077 sqft
Price per Sqft $490
MLS Listing ID CL25555629
Sold Date 07/17/26
HOA Y/N No
Year Built 1941
Lot Size 5,691 Sqft
Acres 0.1306
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Zoning BUR4*
Interior
Heating Natural Gas
Flooring Laminate
Fireplace No
Laundry Common Area, Other
Exterior
View Y/N true
View City Lights
Building
Lot Description Other
Water Public, Other
New Construction No
Others
Tax ID 2485007012
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© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with ErikaDe Leon