Active
227 Justin Ave
Glendale CA, 91201
$3,595,000
$399.98 per sqft
Active
14 Beds
14 Baths
8,988 sqft
Multi-family
Built in 1957
Built in 1957, the property consists of a great unit mix of two (2) studio, one bathroom units, ten (10) one-bedroom, one bath units, and two (2) two-bedroom, one bath units. The units are spread out over 8,988 square foot of gross leasable area. The units are separately metered for gas and electricity. Individual parking spaces are located on the ground floor along with the communal laundry room. The investment is offered at an attractive cap rate along with upside in the rents. The loss-to-lease is more easily achieved with AB1482 rent control. Delivered with 2 vacant units. Please contact listing agents for offering memorandum.
24-391817
MLSⓇ ID
May 15, 2024
Listed
September 14, 2024
Updated
Map
227 Justin Ave
Glendale CA, 91201
Interior Features
Total Stories
2
Bedrooms
14
Total Bathrooms
14
Appliances
Range/Oven, Refrigerator
Laundry Description
Community, In Carport
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.17 Acres
Architectual Style
Mid-Century
Sewer
In Street
Other Property Details
Area Name
Glendale-Northwest
Days on Market
63
Garage
No
Parking
Assigned, Carport
Parking Total
14
View
Yes
View Description
Hills
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GLR4H*
Listed by William James with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-600-9858
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/14/2024
