136 N Pass, Burbank, California 91505, Burbank, 91505 - bed, bath

136 N Pass, Burbank, California 91505 home-pic-0
ACTIVE$1,795,000
136 N Pass, Burbank, California 91505
0Bed
0Bath
4,077Sqft
5,636Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Excellent Burbank location near major studios (Warner Bros., Disney, NBC), employment hubs, retail, dining, and easy freeway access (101, 134, 5), driving strong tenant demand.
Top Cons:
Property Age: Built in 1941, the property is 83 years old, which may imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher capital expenditure requirements for renovations or upgrades.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1941 (84 years old).
Condition: Built in 1941, this multifamily property is 83 years old. The images reveal extremely outdated kitchens and bathrooms with original or very old cabinetry, countertops, fixtures, and flooring (e.g., pink/peach tiled bathroom, old linoleum/vinyl in kitchen). Window AC units are visible, indicating a lack of central cooling. The overall interior aesthetic is very dated, and carpets appear worn. While the exterior structure seems sound, the interiors require substantial repairs and rehabilitation to meet modern living standards and maximize rental potential, as hinted by the listing's mention of 'upside potential in rents with future improvements'.
Year Built
1941
Close
-
List price
$1.79M
Original List price
$1.79M
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
BB25260235
Home ConditionPoor
Features
View-

About this home

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. • 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 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.

Condition Rating
Poor

Built in 1941, this multifamily property is 83 years old. The images reveal extremely outdated kitchens and bathrooms with original or very old cabinetry, countertops, fixtures, and flooring (e.g., pink/peach tiled bathroom, old linoleum/vinyl in kitchen). Window AC units are visible, indicating a lack of central cooling. The overall interior aesthetic is very dated, and carpets appear worn. While the exterior structure seems sound, the interiors require substantial repairs and rehabilitation to meet modern living standards and maximize rental potential, as hinted by the listing's mention of 'upside potential in rents with future improvements'.
Pros & Cons

Pros

Prime Location: Excellent Burbank location near major studios (Warner Bros., Disney, NBC), employment hubs, retail, dining, and easy freeway access (101, 134, 5), driving strong tenant demand.
Multifamily Investment: A five-unit property in a highly sought-after, supply-constrained market, offering stable income and diversification for investors.
Strong Rental Market: Burbank boasts strong rental demand and historically low vacancy rates, ensuring consistent occupancy and reliable cash flow.
Rent Upside Potential: Explicitly stated 'upside potential in rents with future improvements,' indicating room for increased cash flow and property value post-acquisition/renovation.
Neighborhood Charm & Accessibility: Situated in a quiet, residential neighborhood close to schools, shopping, and transit, blending community feel with commuter convenience.

Cons

Property Age: Built in 1941, the property is 83 years old, which may imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher capital expenditure requirements for renovations or upgrades.
Lack of Financial Transparency: The listing requires registration for a full Offering Memorandum (OM) with financials and rent roll, making a comprehensive investment analysis difficult without further inquiry into current income and expenses.
Implied Renovation Needs: The mention of 'upside potential in rents with future improvements' suggests that current rents may be below market and that significant capital investment might be required to achieve higher rental income, impacting immediate cash flow and ROI.

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