Active

1063 Justin Avenue

Glendale CA, 91201

$5,600,000


$764.82 per sqft

Active

7,322 sqft

Condo

Built in 1963

Listed by Han Chen with Growth Investment Group Pasade 626-594-4900

A turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers close to 5% CAP Rate in north Glendale and superb location (Walkscore 86) with access to many amenities, within walking distance to IKEA Burbank, Burbank Downtown, many shopping centers, close to schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). The offering is unique due to its prime location, High CAP Rate, and turnkey conditions. New owners can enjoy high quality location, asset, and good cash flow immediately without the hardships of relocating tenants and managing construction crews.

1063 Justin is a beautifully upgraded and maintained garden style apartment community built in 1963. It is a two-story walkup apartment consisting of 12 units. It offers a beautifully landscaped (drought tolerant) center courtyard common area. It offers a superb unit mix of four (4) LARGE 2 bed + 1 bath units, six (6) spacious 1 bed + 1 bath units, and two (2) Studio units. Each unit one has been fully upgraded with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures.

The exterior upgrades include new facade, new exterior paint and signage, new entry gate, completely redone landscaping, updated electrical, and much more! Each unit is large with an excellent layout. One of the 2bedroom unit has a private balcony. The property is separately metered for electricity and gas. The property offers a single level gated parking area with 11 parking spaces. It is serviced by a master water heater and has additional shared laundry room.

AR23186957

MLS ID

October 6, 2023

Listed

February 16, 2024

Updated

Map

1063 Justin Avenue
Glendale CA, 91201

Interior Features

Total Stories

2


Appliances

Dishwasher, Gas Range, Refrigerator, Range Hood, Water Heater, Dryer, Washer


Laundry Description

Washer Hookup, Gas Dryer Hookup


Floor Description

Laminate, Wood


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric, Wall Furnace

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Level, Near Public Transit, Rectangular Lot


Architectual Style

Mid-Century Modern


Sewer

Public Sewer

Other Property Details

Area Name

626 - Glendale-Northwest


Days on Market

130


Garage

No


Parking

Attached Carport, Assigned


Parking Total

11


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

GLC3*


Buyer Agency Compensation

2%

Listing Contact: 626-594-4900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:17 AM UTC

 

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