1031 Justin Ave | Glendale, CA 91201
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1031 Justin Ave
Glendale, CA 91201
20 unit built in 1986, First Time for sale · Multifamily Property For Sale
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20 Units
INVESTMENT HIGHLIGHTS
- 1986 Construction, FIRST TIME FOR SALE since it was built!
- True value-add opportunity with highest allowable rent increase (AB1482- 5%+CPI)
- Each unit is equipped with central A/C & heating; Well-maintained property with no known deferred maintenance
- Excellent unit mix with good distributions of 2bed and 1bed units
- Outstanding location bordering Burbank and within walking distance to Burbank Downtown and Ikea Burbank
- Cost-efficient features such as, electricity generating solar system (zero electric bill), “electric eye”, newer polyurethane roof, dual-pane window
PROPERTY FACTS
| No. Units | 20 | Building Size | 16,116 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | B | Parking Ratio | 1.24/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | R4 - Medium Density Multiple Residence | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 16,116 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | R4 - Medium Density Multiple Residence |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
| 1+1 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 5623-026-070 | Improvements Assessment | $4,902,780 |
| Land Assessment | $3,268,520 | Total Assessment | $8,171,300 |
PROPERTY TAXES
Parcel Number
5623-026-070
Land Assessment
$3,268,520
Improvements Assessment
$4,902,780
Total Assessment
$8,171,300
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