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140 N Pass Ave 5 Unit Apartment Building $3,061,300 CAD ($612,260 CAD/Unit) 4.34% Cap Rate Burbank, CA 91505
INVESTMENT HIGHLIGHTS
- Seller will carry the 1st loan with acceptable down payment.
- Renovated most of inside the units in year 2022-2024
- Value add-Potential build new ADU or convert garage to ADU-Prime area of Burbank city, walking distance to Warner Bro, and other Studios.
EXECUTIVE SUMMARY
Seller will carry the 1st loan with an acceptable down payment: Buyer can choose to pay the interest-only payment in the 1st 5 years.
This can create a positive cash flow with a lower down payment. It is an exceptional 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 5 garage parking spaces, plus one uncovered parking spot, and an on-site laundry room—ideal for both tenant convenience and an additional income potential.
Perfectly located near Warner Bros. and NBC Studios and just 15 minutes from Universal Studios, the front unit is a prime candidate for owner-occupied or rent to the market, offering significantly higher revenue. The property underwent extensive renovations in 2022–2023, including a new roof on all units, garages, and new dual-pane windows in most units. Rent in all units is due to increase now, except one unit due on April 1, 2026. No rent control in Burbank, but the landlord has to follow state rent control guidelines.
The new owner can increase additional revenue through separate charges for garage parking and storage, which were previously included in the base rent.
With rent increases taking effect, coupled with low building expenses and minimal maintenance needs, this property has the potential to achieve a higher cap rate.
This can create a positive cash flow with a lower down payment. It is an exceptional 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 5 garage parking spaces, plus one uncovered parking spot, and an on-site laundry room—ideal for both tenant convenience and an additional income potential.
Perfectly located near Warner Bros. and NBC Studios and just 15 minutes from Universal Studios, the front unit is a prime candidate for owner-occupied or rent to the market, offering significantly higher revenue. The property underwent extensive renovations in 2022–2023, including a new roof on all units, garages, and new dual-pane windows in most units. Rent in all units is due to increase now, except one unit due on April 1, 2026. No rent control in Burbank, but the landlord has to follow state rent control guidelines.
The new owner can increase additional revenue through separate charges for garage parking and storage, which were previously included in the base rent.
With rent increases taking effect, coupled with low building expenses and minimal maintenance needs, this property has the potential to achieve a higher cap rate.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Crown Molding
- Kitchen
- Refrigerator
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $3,496 CAD | 750 |
| 2+1 | 1 | $4,208 CAD | 1,076 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 2485-007-012 | Total Assessment | $2,839,918 CAD (2025) |
| Land Assessment | $1,105,311 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,734,607 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
2485-007-012
Land Assessment
$1,105,311 CAD (2025)
Improvements Assessment
$1,734,607 CAD (2025)
Total Assessment
$2,839,918 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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140 N Pass Ave
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