227 JUSTIN AVE
GLENDALE, CA 91201

$3,595,000

14 Beds

14 Baths

8,988 Sq Ft

Status Active

MLS# 24-391817

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.

Details for 227 JUSTIN AVE

Built in 1957

$400 / Sq Ft

14 parking spaces

Wall/Window

Wall

15 Days on website

0.1699 acres lot

Interior

Appliances

Range

Bathrooms Total

Bedrooms Total

Living Area

8,988 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1957

Exterior And Lot

Lot Size Acres

0.1699

Lot Size Square Feet

7401

Parking Features

Assigned, Carport

Parking Total

Sprinklers

None

Zoning

GLR4H*

Utilities

Cooling

Wall/Window

Heating

Wall

Area And Schools

City

Glendale

County Or Parish

Los Angeles

Additional Info

GrossOperatingIncome

283050

GrossRentMultiplier

12.44

LaundryEquipment

Lease

PricePerSqFt

399.98

TennisCourt