1063 Justin Avenue

Glendale, CA 91201
$5,720,000
5.10% CAP Rate without doing any renovation! The 1063, a HIGH CAP Rate turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers superb location (Walk score 86) with access to many amenities, within walking distance toRead MoreRead Less
Property listed by Growth Investment Group Pasade, Han Chen 626-224-2495
Listing Snapshot
Days Online
1
Last Updated
May 3, 2024
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1963
MLS Number
AR24078643
30 Days Snapshot Of 91201
$1.33M
+6%
(avg) sold price
3
-40%
homes sold
20
-74%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road surface type: Paved
Appliances & Equipment
Dishwasher, GasRange, Microwave, Refrigerator, RangeHood, Dryer, Washer
Building
Built in 1963, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: Item2CommonWalls
Community
Urban
Cooling
ENERGYSTARQualifiedEquipment, WallWindowUnits
Expenses
Fuel expense: $1,242, Gardener expense: $1,800, Insurance expense: $5,518, Maintenance expense: $5,660, New taxes expense: $61,980, Operating expense: $89,369, Trash expense: $4,944, Water sewer expense: $4,616
Fence
WroughtIron
Fireplaces
None
Floors
Laminate, Vinyl, Wood
Garage
11 spaces
Heating
WallFurnace
Income
Gross income: $386,616, Net operating income: $291,448
Laundry
WasherHookup, GasDryerHookup
Lot
0.1682 acres, 7,327 square feet, Size: 7,327, Landscaped, NearPublicTransit, RectangularLot, StreetLevel
Parking
11 totals parking, Assigned
Pool
None
Property
Zoning: GLC3*, Mountains
Roof
Flat
Sewer
PublicSewer
Spa
None
Tenant Pays
Electricity, Gas
Utilities
Standard, CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
Windows
DoublePaneWindows
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Kris Cowen
Principle Broker
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Based on information from California Regional Multiple Listing Service, Inc. as of May 3, 2024 and/or other sources. 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.