227 Justin Avenue, Glendale, CA 91201

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Property Description

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.


Interior Features

Laundry Information
Location(s) Common Area, In Carport
Bedroom Information
Bedrooms 14
Bathroom Information
Bathrooms 14
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 227 Justin Avenue
City Glendale
State CA
Zip 91201
County Los Angeles
Listing Agent William James DRE #01734419
Co-Listing Agent Peter James DRE #01748556
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
List Price $3,595,000
Status Active
Type Residential Income
Structure Size 8,988
Lot Size 7,403
Year Built 1957

Listing information courtesy of: William James, Peter James, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.