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.
Property Details
Price:
$3,595,000
MLS #:
24391817
Status:
Active
Baths:
0
Address:
227 Justin Avenue
Type:
Residential Income
Neighborhood:
626glendalenorthwest
City:
Glendale
Listed Date:
May 14, 2024
State:
CA
ZIP:
91201
Lot Size:
7,403 sqft / 0.17 acres (approx)
Year Built:
1957
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Schools
Interior
Appliances
Refrigerator, Range
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Assigned, Carport
Parking Spots
14.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community
Sewer
Other
Spa Features
None
Stories Total
2
View
Hills
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address227 Justin Avenue Glendale CA
- Area626 – Glendale-Northwest
- CityGlendale
- CountyLos Angeles
- Zip Code91201
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.227 Justin Avenue
Glendale, CA
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