NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-G7207 - CLW-G114954
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%.
Listing Highlights for 140 N Pass Ave
Status
Active
Days on Site
125
Property Type
Multi-Family
MLS ®
25555629
Year Built
1941
Total Square Footage
4,077
Lot/Acreage
0.13
County
Los Angeles
Area
610 - Burbank
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances: Disposal, Refrigerator, Gas Range
- Air Cond:
- Heating: Natural Gas
- Fireplaces: Bath,Kitchen,Living Room
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Crown Molding
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 6
- Zoning: BUR4*
- Roof: Composition,Shingle
- Others: 2+ Total Units
- Sewer: Sewer Paid
- Parking Features: Garage - Single Door,Garage - Two Door,Parking Space,Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2485007012
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
140 N Pass Ave Burbank, CA 91505
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
