519 Justin Avenue

    Glendale, CA 91201
    • $4,000,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 19466844
    UPDATED: 30 min ago
    $4,000,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,401
      SQFT
    • $425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    We are proud to present the rare opportunity to acquire 7 town home units located at 519 Justin Ave in Glendale, California. Built in 1990, the offering is well maintained and sits on 9,179 SF of land with 9,401 SF of building comprised of seven spacious 3 bedroom / 2.5 bathroom units. The offering features a brand new roof and each unit has their own individual APN and attached two car private garage. The large units average 1,350 SF and five of the seven units have been completely renovated. In a great location, the Property is located less than 4 miles from the premier shopping, dining and entertainment destinations of the Glendale Galleria and Americana at Brand. This investment provides the opportunity to own a extraordinary property in a strong and centrally located rental pocket with the added benefit to sell each unit individually.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T18:34:47.97. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/94817433

    519 Justin Avenue Glendale, CA 91201

    • Price: $4,000,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 19466844
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    9,401
    SQFT
    $425
    $/SQFT
    1990
    Built
    Neighborhood:
    626 - Glendale-Northwest
    County:
    Los Angeles
    Area:
    626 - Glendale-Northwest
    Property Description
    We are proud to present the rare opportunity to acquire 7 town home units located at 519 Justin Ave in Glendale, California. Built in 1990, the offering is well maintained and sits on 9,179 SF of land with 9,401 SF of building comprised of seven spacious 3 bedroom / 2.5 bathroom units. The offering features a brand new roof and each unit has their own individual APN and attached two car private garage. The large units average 1,350 SF and five of the seven units have been completely renovated. In a great location, the Property is located less than 4 miles from the premier shopping, dining and entertainment destinations of the Glendale Galleria and Americana at Brand. This investment provides the opportunity to own a extraordinary property in a strong and centrally located rental pocket with the added benefit to sell each unit individually.
    Exterior Features

    Lot Size Dimensions A0.21 Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 3.79 Gross Multiplier 17.55 Gross Operating Income 227916.00 Improvements Amount 242319 Land Value 163617 Laundry YN Yes Net Operating Income 151627.00 Special Listing Conditions Standard Total Expenses 69451.00 Zoning Glr3*

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T18:34:47.97. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604