Burbank, CA 91505,140 N Pass AVE
Burbank, CA 91505,140 N Pass AVE
Burbank, CA 91505,140 N Pass AVE
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Melissa Seanez

Melissa Seanez

+1(626) 723-6030
$2,200,000
Est. payment /mo
6 Beds
5 Baths
4,077 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,077 sqft

Price per Sqft $539

MLS Listing ID 25555629

Bedrooms 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1941

Lot Size 5,688 Sqft

Property Description

Sellers will carry the 1st loan with an acceptable down payment, and offer the interest lower than the current market rate and potential to have a positive cash flow with a lower down payment. 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 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. Potential Value Add by building a new ADU above the current garage or converting it to an ADU. 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%.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Interior Features Crown Molding

Heating Natural Gas

Flooring Laminate

Fireplaces Type Bath, Kitchen, Living Room

Fireplace Yes

Appliance Disposal, Gas Range, Refrigerator

Laundry Common Area, Stacked

Exterior

Parking Features Door-Multi, Door-Single, Garage, One Space, On Street

Garage Spaces 5.0

Garage Description 5.0

Pool None

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Accessibility None

Porch None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2485007012

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Financing Seller Financing

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Somboon Nakorn Keller Williams Glendale

Nearby School & Business

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Wonderland Avenue School

    Public | KG - 5

  • 10

    Valley View Elementary

    Public | KG - 5

  • 9

    Theodore Roosevelt Elementary School

    Public | KG - 5

  • 9

    Robert Louis Stevenson Elementary

    Public | KG - 5

  • 8

    Rio Vista Elementary School

    Public | KG - 5

  • 8

    Toluca Lake Elementary

    Public | PK - 5

  • 8

    Bret Harte Elementary

    Public | KG - 5

  • 8

    Thomas Edison Elementary

    Public | KG - 5

  • 7

    Providencia Elementary

    Public | KG - 5

  • 7

    Cheremoya Avenue School

    Public | PK - 6

  • 7

    Walt Disney Elementary School

    Public | KG - 5

  • 7

    Ralph Emerson Elementary

    Public | KG - 5

  • 6

    William McKinley Elementary School

    Public | KG - 5

  • 5

    New Horizons Charter Academy

    Public | KG - 8

  • 5

    Lankershim Elementary School

    Public | KG - 5

  • 5

    Fair Avenue School

    Public | KG - 5

  • 5

    Oxnard Street Elementary School

    Public | KG - 5

  • 3

    Maurice Sendak Elementary

    Public | KG - 5

  • 1

    Berenece Carlson Home Hospital

    Public | KG - 12

  • 1

    Options for Youth-Burbank Charter

    Public | KG - 12

Middle Schools 9
  • 8

    John Muir Middle School

    Public | 6 - 8

  • 7

    Walter Reed School

    Public | 6 - 8

  • 6

    Luther Burbank Middle School

    Public | 6 - 8

  • 6

    David Starr Jordan Middle School

    Public | 6 - 8

  • 0

    Off Campus Learning Center

    Public | 7 - 12

  • 0

    Magnolia Park

    Public | 6 - 12

  • 0

    International School of los Angeles-Burbank

    Private | 6 - 12

  • 0

    Immaculate Heart High School & Middle School

    Private | 6 - 12

  • 0

    Burbank Unified School District Community Day

    Public | 7 - 12

High Schools 7
  • 8

    John Burroughs High School

    Public | 9 - 12

  • 8

    Burbank High School

    Public | 9 - 12

  • 3

    East Valley High School

    Public | 9 - 12

  • 0

    Amelia Earhart Continuation

    Public | 9 - 12

  • 0

    Monterey High (Continuation)

    Public | 9 - 12

  • 0

    Providence High School

    Private | 9 - 12

  • 0

    Bellarmine-Jefferson High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Melissa Seanez

Melissa Seanez

+1(626) 723-6030

Agent | License ID: 02137015

Agent License ID: 02137015

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