227 Justin Avenue Glendale, CA ^$ 3,595,000

227 Justin Avenue

^$ 3,595,000

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Recently Listed

227 Justin Avenue

Glendale, CA, 91201

^$ 3,595,000

Studio Baths0.0 Sq 8,988

Monthly Estimate*

^$ 23,893

227 Justin Avenue, Glendale, CA 91201 - Image 1

227 Justin Avenue, Glendale, CA 91201 - Image 2

227 Justin Avenue, Glendale, CA 91201 - Image 3

227 Justin Avenue, Glendale, CA 91201 - Image 4

227 Justin Avenue, Glendale, CA 91201 - Image 5

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227 Justin Avenue, Glendale, CA 91201 - Image 10

Studio

Multi-Family Home for sale in Glendale, CA

for $3,595,000. This 8,988 square foot home was built in 1957 on a lot size of 0.17.

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.

Multi-Family Active

Price

^$ 3,595,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Mid Century Modern

Lot Size

0.17

Year Built

1957

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

0024391817

Features

General

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Zoning GLR4H*

Architectural Style Mid Century Modern

Security Features Smoke Detector(s) Carbon Monoxide Detector(s) Gated Community

Construction Materials Stucco

Year Built 1957

Tenant Pays Electricity Gas

View Hills

Levels Multi/Split

Accessibility Other

County Los Angeles

Net Operating Income 202034.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction South

Status Active

City Glendale

Buyer Agent Compensation 2.00

View Y/N Yes

Senior Community Y/N No

MLS Area 626 - Glendale-Northwest

Lot Size Square Feet 7403.0

Street Name Justin

Land Lease Y/N No

Additional Parcels Y/N No

Structure Type None

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Range Refrigerator

Total Stories 2

Air Conditioning Y/N Yes

Heating Y/N Yes

Fireplace Y/N No

Street Suffix Avenue

Laundry Features None In Carport Community

Total Baths 0

Exterior

Parking Features Assigned Carport

Lot Size Area 7403.0

Spa No

Pool Y/N? No

Building Area Total 8988.0

Lot Size Acres 0.17

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

William James

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$23,893

Per Month

Monthly Principal & Interest: $23,893
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Glendale, CA

Average List Price ^$3,944,889

Percent of Sale Price 10%

About Glendale, CA

199,017 Population

2% Since 2002

^$61,015 Median Income

42.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/15/2024	$3,595,000		Listed Price

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227 Justin Avenue, Glendale, CA, 91201 is a Multi-Family Home for sale at $3,595,000 with 8,988 sqft and a lot size of 0.17. 227 Justin Avenue is a studio with 0.0 baths and was built in 1957. The property's zip code is 91201 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/22/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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227 Justin Avenue

Multi-Family Home for sale in Glendale, CA

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