140 N Pass Avenue, Burbank, CA 91505
140 N Pass Avenue, Burbank, CA 91505
140 N Pass Avenue, Burbank, CA 91505
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$2,100,000
Est. payment /mo
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4,077 SqFt
Pending

140 N Pass Avenue Burbank, CA 91505

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 4,077 sqft

Price per Sqft $515

MLS Listing ID CL25555629

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

Bridge MLS
© 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.
Listed by Somboon Nakorn • Keller Williams Glendale

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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140 N Pass Avenue

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