Property · 3 recorded sales since 2017
Listing Agent: Somboon Nakorn (DRE #00987926) · Listing Office: Keller Williams Glendale · Contact: 818-432-3200 · Bought with: Erika De Leon · The Core Agency · MLS #25555629 · Source: CRMLS
140 N Pass Avenue sold for $2,000,000 in July 2026, 4.8% under its $2,100,000 list price, after 318 days on the market. It was first listed at $2,399,900. That works out to $491 per square foot on 4,077 square feet. Across 118 closed sales in 91505 over the last 12 months, the median sold price is $1,177,500 and the median is $785 per square foot, 60% above this sale's $491.
| Quarter | Closed sales in 91505 | Median sold price |
|---|---|---|
| Q1 2026 | 6 | $2,281,000 |
| Q2 2026 | 58 | $1,198,500 |
| Q3 2026 | 45 | $1,160,000 |
| Q4 2026 | 9 | $1,095,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Burbank · Homes for sale in 91505
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 description from the July 2026 sale, as reported to CRMLS.
Closed sales reported in 91505, nearest first, last 12 months. All recent sales in Burbank →