227 Justin Avenue Glendale, CA ^$ 3,595,000

227 Justin Avenue

^$ 3,595,000

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227 Justin Avenue

Glendale, CA, 91201

^$ 3,595,000

Bedrooms14 Baths14.0 Sq 8,988

Monthly Estimate*

^$ 23,893

Listed by Lyon Stahl Investment Real Estate, Inc.

227 Justin Avenue, Glendale, CA 91201 - Image 1

227 Justin Avenue, Glendale, CA 91201 - Image 2

227 Justin Avenue, Glendale, CA 91201 - Image 3

227 Justin Avenue, Glendale, CA 91201 - Image 4

227 Justin Avenue, Glendale, CA 91201 - Image 5

227 Justin Avenue, Glendale, CA 91201 - Image 6

227 Justin Avenue, Glendale, CA 91201 - Image 7

227 Justin Avenue, Glendale, CA 91201 - Image 8

227 Justin Avenue, Glendale, CA 91201 - Image 9

227 Justin Avenue, Glendale, CA 91201 - Image 10

Multi-Family Home for sale in Glendale, CA

for $3,595,000 with 14 bedrooms and 14 full baths. This 8,988 square foot home was built in 1957 on a lot size of 0.1699.

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.

Multi-Family Active

Price

^$ 3,595,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MidCenturyModern

Lot Size

0.1699

Year Built

1957

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

24391817

Days on Market

Features

General

Sewer Other

Heating WallFurnace

Cooling WallWindowUnits

Appliances Range Refrigerator

Zoning GLR4H*

Garage Spaces 0.0

Architectural Style MidCenturyModern

Pool Features None

Security Features CarbonMonoxideDetectors GatedCommunity SmokeDetectors

Construction Materials Stucco

Year Built 1957

Tenant Pays Electricity Gas

View Hills

Levels MultiSplit

Gross Income 289404.0

Community Features Gated

County Los Angeles

Net Operating Income 202034.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction South

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Heading North on the 5 Fwy exit Western heading West.

City Glendale

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 0.0

NumberOfUnitsTotal 14

MLS Area 626 - Glendale-Northwest

Lot Size Units SquareFeet

Lot Size Square Feet 7403.0

Private Pool N

Waterfront Y/N N

Carport Spaces 14.0

Carport Y/N Y

Street Name Justin

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Occupancy Type Tenant

Cap Rate 5.61

Exterior

Parking Features Assigned Carport

Total Parking 14.0

Lot Size Area 7403.0

Number of Buildings 1

Spa N

Building Area Total 8988.0

Street Suffix Avenue

Lot Size Acres 0.1699

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Laundry Features CommonArea InCarport

Total Bedrooms 14

Electric On Property Y/N N

Total Baths 14

Internal Only

Street Number 1 227

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$23,893

Per Month

Monthly Principal & Interest: $23,893
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Glendale, CA

Average List Price ^$3,875,430

Percent of Sale Price 8%

About Glendale, CA

199,017 Population

2% Since 2002

^$61,015 Median Income

42.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/15/2024	$3,595,000		Listed Price

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227 Justin Avenue, Glendale, CA, 91201 is a Multi-Family Home for sale at $3,595,000 with 8,988 sqft and a lot size of 0.1699. 227 Justin Avenue has 14 bedrooms, 14.0 baths, and was built in 1957. The property's zip code is 91201 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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227 Justin Avenue

Multi-Family Home for sale in Glendale, CA

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