231 Justin Ave, Home with 0 bedrooms, 0 bathrooms and 6 parking in Glendale CA | Image 1

$2,995,000

231 Justin Ave, Glendale, CA

Name: 231 Justin Ave, For Sale in Glendale - eXp Commercial Brokerage
Brand: Professional Realty Company
SKU: BB25134474
Price: 2995000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

Maintenance Fees $4,110

Taxes

Days Active 1

Approx. Age 1960

MLS® Number BB25134474

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 231 Justin Avenue, a nine-unit multifamily investment opportunity located in the heart of Glendale. This pride-of-ownership asset offers investors a rare opportunity to acquire a well-maintained property with significant income potential — 30% or more in rental upside achievable through a focused interior renovation program. Built in 1961, the property spans 8, 422 square feet on a 7, 482 square foot lot, featuring a desirable mix of three (3) one-bedroom/one-bath units and six (6) two-bedroom/one-and-a-half-bath units. Many of the units remain in original condition, presenting a clear path to increased cash flow via upgrades. The property also features tuck-under parking, on-site laundry, and is separately metered for gas and electricity, ensuring operational efficiency for future ownership. Zoned R3050, the existing unit count is considered irreplaceable under current zoning constraints, adding long-term security to the investment. The well-designed layout and generous square footage per unit provide an excellent canvas for modernization and rent repositioning. Ideally located just west of Brand Boulevard and north of San Fernando Road, 231 Justin Ave is within close proximity to major employment centers, award-winning schools, and the world-class shopping and dining amenities of The Americana at Brand and Glendale Galleria. Commuters benefit from seamless access to the 5, 134, and 2 Freeways, offering direct connectivity to Burbank, Eagle Rock, Downtown Los Angeles, and the San Fernando Valley. This is a unique opportunity to acquire a stable, value-add multifamily asset in one of Los Angeles County’s most resilient and supply-constrained rental markets.Show Description

MLS® NumberBB25134474

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area

Exposure

Exterior

GarageNo

Approx. Age1960

Stories2

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

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