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1168 Justin Ave 4 Unit Apartment Building $1,699,000 ($424,750/Unit) 5.70% Cap Rate Glendale, CA 91201
Executive Summary
High Upside Investment – Vacant Unit at Close of Escrow RE/MAX Optima proudly represents 1168 Justin Ave, Glendale, CA 91201, a prime 4-unit opportunity located above Glenoaks Blvd — one of Glendale’s most desirable rental pockets. The property offers a strong unit mix: • One (1) 3BD / 2BA • One (1) 3BD / 1BA • Two (2) 1BD / 1BA Totaling 2,865 square feet across three separate buildings, the layout provides added privacy and consistent tenant demand. One of the 1-bedroom, 1-bathroom units is currently vacant, allowing a new owner to immediately capture market rent and significantly improve cash flow from day one. This is a rare opportunity to step into an asset with built-in upside without waiting for turnover. All units are in good condition, offering stable income with future rental growth potential. The property also features mature kumquat, orange, and apple trees, adding charm and appeal for tenants. Located in a strong rental corridor of Glendale with convenient access to shopping, dining, and major freeways, this is an excellent opportunity for investors seeking both immediate upside and long-term appreciation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $424,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.70% | Building Size | 2,865 SF |
| Gross Rent Multiplier | 13.42 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 0.7/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $1,699,000 |
| Price Per Unit | $424,750 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 13.42 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,865 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1926 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | GLR4YY |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Microwave
- Storage Space
- Heating
- Refrigerator
- Range
- Garden
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,900 | - |
| 3+1 | 1 | $2,650 | - |
| 1+1 | 1 | $2,200 | - |
| 1+1 | 1 | $1,850 | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 5623-011-021 | Total Assessment | $425,252 |
| Land Assessment | $300,676 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $124,576 | Tax Year | 2025 |
Property Taxes
Parcel Number
5623-011-021
Land Assessment
$300,676
Improvements Assessment
$124,576
Total Assessment
$425,252
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1168 Justin Ave
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