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Pass Ave 136 N Pass Ave 5 Unit Apartment Building $2,505,676 CAD ($501,135 CAD/Unit) 4.08% Cap Rate Burbank, CA 91505
INVESTMENT HIGHLIGHTS
- Excellent Burbank location near major studios and employment hubs
- Upside potential in rents
- Strong rental demand and historically low vacancy rates
EXECUTIVE SUMMARY
136–138 N Pass Avenue, Burbank, CA 91505
Offered at $1,795,000
Two-Story, 5-Unit Multifamily Property | Prime Burbank Location
Property Overview
136–138 N Pass Avenue presents an excellent opportunity to acquire a well-located five-unit multifamily property in the heart of Burbank. This two-story building totals approximately 4,077 square feet and sits on a 5,663 square foot lot. The property offers a desirable unit mix and on-site parking, providing both stable income and potential upside in one of the most in-demand rental markets in Los Angeles County.
Perfect for investors seeking consistent cash flow.
Property Highlights
• Total Units: 5
• Building Size: ±4,077 SF
• Lot Size: ±5,663 SF
• Stories: 2
• List Price: $1,795,000
• Price per Unit: ±$359,000
• Price per SF: ±$440
• Zoning: BUR4 (verify with City of Burbank)
• Parking: On-site surface parking
• Construction: Wood-frame with stucco exterior
• Year Built: 1941
Investment Highlights
• Excellent Burbank location near major studios and employment hubs
• Five-unit property in a supply-constrained market
• Strong rental demand and historically low vacancy rates
• Upside potential in rents with future improvements
• Quiet, residential neighborhood close to schools, shopping, and transit
• Minutes from Warner Bros., Disney, NBC Studios, and Downtown Burbank
• Easy access to the 101, 134, and 5 Freeways
Location Overview
Centrally located just north of West Olive Avenue, this property enjoys proximity to Burbank’s thriving media district and a wide range of retail and dining options. With its convenient access to major freeways and transit routes, 136–138 N Pass Avenue offers tenants an ideal blend of neighborhood charm and commuter accessibility. Burbank remains one of Southern California’s most desirable multifamily investment markets, supported by its strong employment base and limited housing supply.
Please register or request full OM with financials and Rent Roll.
For additional information please contact Listing Brokers: Natasha Aasadore 818.388.5202 Natasha.Aasadore@evrealestate.com or Juan Carlos Argueta 818.307.2817 JuanCarlos.Argueta@evrealestate.com
Offered at $1,795,000
Two-Story, 5-Unit Multifamily Property | Prime Burbank Location
Property Overview
136–138 N Pass Avenue presents an excellent opportunity to acquire a well-located five-unit multifamily property in the heart of Burbank. This two-story building totals approximately 4,077 square feet and sits on a 5,663 square foot lot. The property offers a desirable unit mix and on-site parking, providing both stable income and potential upside in one of the most in-demand rental markets in Los Angeles County.
Perfect for investors seeking consistent cash flow.
Property Highlights
• Total Units: 5
• Building Size: ±4,077 SF
• Lot Size: ±5,663 SF
• Stories: 2
• List Price: $1,795,000
• Price per Unit: ±$359,000
• Price per SF: ±$440
• Zoning: BUR4 (verify with City of Burbank)
• Parking: On-site surface parking
• Construction: Wood-frame with stucco exterior
• Year Built: 1941
Investment Highlights
• Excellent Burbank location near major studios and employment hubs
• Five-unit property in a supply-constrained market
• Strong rental demand and historically low vacancy rates
• Upside potential in rents with future improvements
• Quiet, residential neighborhood close to schools, shopping, and transit
• Minutes from Warner Bros., Disney, NBC Studios, and Downtown Burbank
• Easy access to the 101, 134, and 5 Freeways
Location Overview
Centrally located just north of West Olive Avenue, this property enjoys proximity to Burbank’s thriving media district and a wide range of retail and dining options. With its convenient access to major freeways and transit routes, 136–138 N Pass Avenue offers tenants an ideal blend of neighborhood charm and commuter accessibility. Burbank remains one of Southern California’s most desirable multifamily investment markets, supported by its strong employment base and limited housing supply.
Please register or request full OM with financials and Rent Roll.
For additional information please contact Listing Brokers: Natasha Aasadore 818.388.5202 Natasha.Aasadore@evrealestate.com or Juan Carlos Argueta 818.307.2817 JuanCarlos.Argueta@evrealestate.com
PROPERTY FACTS
| Price | $2,505,676 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $501,135 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 4,077 SF |
| Cap Rate | 4.08% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment |
| Price | $2,505,676 CAD |
| Price Per Unit | $501,135 CAD |
| Sale Type | Investment |
| Cap Rate | 4.08% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 4,077 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
- Yard
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 2485-007-013 | Improvements Assessment | $1,198,920 CAD |
| Land Assessment | $1,059,652 CAD | Total Assessment | $2,258,573 CAD |
PROPERTY TAXES
Parcel Number
2485-007-013
Land Assessment
$1,059,652 CAD
Improvements Assessment
$1,198,920 CAD
Total Assessment
$2,258,573 CAD
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Pass Ave | 136 N Pass Ave
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