140 N Pass Av,
Burbank, CA 91505
交易中 $2,100,000 ($210萬)
卧室: 6 浴室: / 其他類型
房屋信息

其他類型

4077平方英呎
(379平方米)

5691 平方英呎
(529平方米)

1941 年

2

6 停車位

暖: GAS

2025年06月20日
已上市 398 天

地產編號: 25555629
所處郡縣: LA
面積單價:$515.08/sq.ft ($5,544 / 平方米)
家用電器:GD,RF,GR
車位類型:SDG,PS,TODG,ST
房屋簡介

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.

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