227 Justin Avenue

Glendale, CA 91201

$3,595,000

List Price

14

bed Beds

14

shower Baths

8,988 sqft

straighten / sqft

1957

calendar_month Built

Property 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 is more easily achieved with AB1482 rent control. Delivered with 2 vacant units. Please contact listing agents for offering memorandum.

Listing Information

List Price $3,595,000
Status Active
MLS 24391817
Type Residential Income
Year Built 1957
Lot Size 7,403
Structure Size 8,988
DOM 63
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent William James DRE#01734419
Co-Listing Agent Peter James DRE#01748556

Interior Features

Laundry Information
Location(s) Common Area, In Carport
Total Bedroom
Bedrooms 14
Total Bathroom
Bathrooms 14
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: William James, Peter James, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.