For Sale
1063 Justin Avenue, Glendale, CA 91201
  • $5,950,000
  • $647


Property ID: HZ4876711
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1963
  • Year Built


1063 Justin Ave, a turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers one of the HIGHEST 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 ownership spent significant amount of time (±20 months) and capital in relocating the previous tenants and completely upgraded the exterior and interior of the property, making this a turnkey investment for new owner.

The offering is unique due to its prime location, High CAP Rate, and turnkey conditions. New owner 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 façade, 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.

  • Address 1063 Justin Avenue
  • City Glendale
  • State/county CA
  • Zip/Postal Code 91201
  • Area 626 - Glendale-Northwest
  • Country United States


Updated on May 12, 2023 at 6:43 pm
  • Property ID: HZ4876711
  • Price: $5,950,000
  • Land Area: 7324.00 Sqft
  • Garage: 0.00
  • Year Built: 1963
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 9196.00
  • Living Area Prefix: Sqft
  • MLS#: AR23035496
  • Agent Name: Han Chen
  • MLS Status: Active
  • Agent State License: 01749321

Additional details

  • Sewer: Public Sewer
  • Cooling: Ductless,ENERGY STAR Qualified Equipment,Wall/Window Unit(s)
  • Heating: Ductless,High Efficiency,Wall Furnace
  • Flooring: Vinyl,Wood
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 11.00
  • Water Source: Public

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