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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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140 N Pass Avenue Burbank, CA 91505
$2,100,000 6 beds, 5 baths
4, 077 sqft
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Photo of Alexander Varney

Alexander Varney REALTORĀ® - Sales Associate 805-640-5660 m
805-640-5660 o
Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com
Text Me
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Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com
Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278
Ventura 789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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Fax: 805-644-8278
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 25555629
List price is $2,100,000 Reduced by $100,000 on 3/3/2026
Beds: 6
Baths: 5
Bath,Kitchen,Living Room fireplaces
Built in 1941
4,077 sqft
2 stories
0.13 acres
Lot size: 0.1306
County: Los Angeles
Zoning: BUR4*
Construction: Stucco
Interior features: Crown Molding
Appliances: Disposal,Gas Range,Refrigerator
Parking description: Door-Multi,Door-Single,Garage,One Space,On Street
Lot description: Rectangular Lot
Heating description: Natural Gas
MLS area: 610 - Burbank

Last Updated: 5/5/2026

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 Find more homes in 91505 zip code

This listing belongs to the 610 - Burbank MLS area

Lat/Long: 34.150803, -118.343084.
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Listing Agent: Somboon Nakorn
Co Listing Agent: Erika De Leon
Lic#: 01939679
Office Name: Ventura

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Alexander Varney

Alexander Varney REALTORĀ® - Sales Associate 805-640-5660 m
805-640-5660 o
Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com

Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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