227 Justin Ave, Glendale, CA 91201

$3,595,000
14
BD
14
BA
8,988
SqFt
List Price
$3,595,000
MLS#
24-391817
Year Built
1957
Bedrooms
14
Bathrooms
14
Living Sq. Ft
8,988
Lot Size
7,403
Days on Market
5
Property Type
Multifamily
Style
Mid-Century
Stories
2

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.

Additional Information

Other Buildings
None
Pool Description
None
Heat
Wall
Cooling
Wall/Window
View
Hills
Exterior Construction
Stucco
Number of Cars in Garage
Assigned, Carport
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Calculator source: Real Geeks

Courtesy of Lyon Stahl Investment Real Estate, Inc., William James - CA DRE#01734419

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