1157 Justin Avenue

Glendale, CA 91201

  • 14 Bed(s)
  • 0 Bath(s)
  • 7,089 Sqft
  • 7980
    Sqft(Lot)
$3,400,000

Description

With a unit mix featuring mostly large two-bedroom apartments, the property offers an investor stable cash flow with the opportunity to increase income further by capitalizing on rent upside. because the building is not subject to los angeles rent control, a new owner can improve rental income more rapidly via ab 1482. in addition to installing brand new electric subpanels in all units, the current owner has upgraded the vast majority of units to include new granite countertops, new wood laminate flooring, new dual pane windows, and new ac units. plumbing throughout the building is mostly copper pipes, while the building features a new water heater and new roof insulation as well. an additional income stream is generated via the on-site laundry facilities, which are owned by the landlord. this location features strong tenant demographics, with several major employers nearby in both glendale and burbank. walt disney studios, warner brothers studios, walt disney imagineering, and dreamworks animation are all within a short distance. the los angeles zoo, griffith park, universal studios, and the los angeles equestrian center are all situated near the property as well. the high-end americana at brand and the remodeled glendale galleria are both a short drive from the property, as are the burbank town center and burbank empire shopping center. the largest ikea store in north america sits within blocks of the property, as do trader joe's, ralphs, cvs, the home depot, and smart & final.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47536050

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 11
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1963
    • Building Area Total: 7,089

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1832
    • Lot Size Dimensions: 48x169
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7980

  • Listing Price Information

    • Original List Price: 3,400,000
    • Listing Contract Date: 2024-11-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5623012005

  • Garage and Parking

    • Garage Description: Assigned,Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 626 - Glendale-Northwest
    • Directions: We are pleased to announce the opportunity to purchase 1157 Justin Avenue, an eight-unit multifamily property located in the preferred "north of Glenoaks" district within the city of Glendale, CA, blocks from the Burbank border.
    • Zoning: GLR4YY
    • Source Property Type: Residential Income
    • Area: 626 - Glendale-Northwest

    Building and Construction

    • Property Age: 61
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7089
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 15:58

  • MLS: 24460071
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 7,089 sqft, 7,980 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Glendale , in zip code 91201, this Los Angeles County Home are nearby neighborhoods.