Glendale, CA 91201 227 Justin Avenue
$3,595,000
5 more
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Beds • 14
Baths • 14
SQFT • 8,988
Home Details
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.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 227 Justin Avenue
Bedrooms
Total Bedrooms14
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths14
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, InCarport
Total Stories2
General for 227 Justin Avenue
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
Architectural StyleMidCenturyModern
Attached Garage No
Cap Rate5.61
Carport Spaces14.0
Carport Y/NYes
CityGlendale
Community FeaturesGated
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
Days on Market63
DirectionsHeading North on the 5 Fwy exit Western heading West.
Facing DirectionSouth
Full Baths
Garage Spaces0.0
Garage Y/NNo
Gross Income289404.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7403.0
Lot Size UnitsSquareFeet
MLS Area626 - Glendale-Northwest
MobileHomeRemainsYNNo
Net Operating Income202034.0
New ConstructionNo
NumberOfUnitsTotal14
Occupancy TypeTenant
Open Parking Spaces0.0
Pool FeaturesNone
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
ViewHills
View Y/NYes
Waterfront Y/NNo
Year Built1957
ZoningGLR4H*
Exterior for 227 Justin Avenue
Building Area Total8988.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1699
Lot Size Area7403.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Carport
SpaNo
Total Parking14.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480