227 Justin Avenue
$3,595,000
14
14
8,988
8,988
$400
Description
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...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.
- Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
- Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 227 Justin Avenue
Water Front
None
ZoningGLR4H*
StyleMid-Century
Cross StreetsJustin Ave & Riverside Drive
Parcel Number5626011020
Total Units14.0
Living Area8988
Source Living AreaVendor Enhanced
LISTING UPDATED: 09/14/2024 12:00 AM
Property Details for 227 Justin Avenue
Status | Active |
---|---|
MLS # | 24-391817 |
Days on Market | 130 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.17 AC / 7,403 SF |
County | Los Angeles County |
Building Information for 227 Justin Avenue
Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,403 SF
Property Information for 227 Justin Avenue
Property History for 227 Justin Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 227 Justin Avenue
Taxable ValueLand$1,369,489Additions$2,046,379Total$3,415,868
Tax Record2024$38,294 ($3,191 / month)
Home Facts
Total Finished SqFt8,988 SqFtAbove Grade Finished SqFt8,988 SqFtLot Size7,408 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningGLR4H*CountyLOS ANGELESAPN5626-011-020
Schools near 227 Justin Avenue
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Balboa Elementary School PublicK to 6 | ||
Eleanor J. Toll Middle School Public6 to 8 | ||
Herbert Hoover High School Public9 to 12 | ||
Benjamin Franklin Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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