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1157 Justin Ave 8 Unit Apartment Building $3,199,000 ($399,875/Unit) 5.60% Cap Rate Glendale, CA 91201
EXECUTIVE SUMMARY
8-Units located in prime Glendale area. A great investment opportunity with an upside in rental income potential. 3(2+2), 3(2+1), 2(1+1) -Garden-style 2-story apartment building, well-maintained property, requiring low maintenance and upkeep. Close to shopping, entertainment, The Americana at Brand and the Glendale Galleria. Brand Park, Kenneth Village and close to City of Burbank. Centrally located with easy access to freeways. Coin laundry in the complex. Glendale is one of the most desirable cities for investments.
Also available
1814 Grismer Ave Burbank CA 91504
1138 N Parish PL Burbank CA 91206
335-337 E Providencia Ave Burbank 91502
Also available
1814 Grismer Ave Burbank CA 91504
1138 N Parish PL Burbank CA 91206
335-337 E Providencia Ave Burbank 91502
PROPERTY FACTS
| Price | $3,199,000 | Building Class | C |
| Price Per Unit | $399,875 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 7,089 SF |
| Cap Rate | 5.60% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | GLR4YY - R3 Uses, Churches, Schools, Childcare, Homeless Shelter | ||
| Price | $3,199,000 |
| Price Per Unit | $399,875 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,089 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | GLR4YY - R3 Uses, Churches, Schools, Childcare, Homeless Shelter |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Storage Space
- Hardwood Floors
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
| 2+2 | 3 | - | - |
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5623-012-005 | Improvements Assessment | $1,775,011 |
| Land Assessment | $1,183,339 | Total Assessment | $2,958,350 |
PROPERTY TAXES
Parcel Number
5623-012-005
Land Assessment
$1,183,339
Improvements Assessment
$1,775,011
Total Assessment
$2,958,350
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1157 Justin Ave
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