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 Details
Price:
$2,399,900
MLS #:
25555629
Status:
Active
Baths:
0
Address:
140 N Pass Avenue
Type:
Residential Income
Neighborhood:
610burbank
City:
Burbank
Listed Date:
Jun 20, 2025
State:
CA
ZIP:
91505
Lot Size:
5,691 sqft / 0.13 acres (approx)
Year Built:
1941
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Schools
Interior
Appliances
Disposal, Refrigerator, Gas Range
Flooring
Laminate
Heating
Natural Gas
Laundry Features
Stackable, Community
Exterior
Construction Materials
Stucco
Parking Features
Garage – Single Door, Garage – Two Door, Parking Space, Street
Parking Spots
6.00
Roof
Composition, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Financial
Map
Community
- Address140 N Pass Avenue Burbank CA
- Area610 – Burbank
- CityBurbank
- CountyLos Angeles
- Zip Code91505
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140 N Pass Avenue
Burbank, CA
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