1063 Justin Avenue, Glendale, CA 91201

Glendale
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1063 Justin Avenue,Glendale, CA 91201
$5,400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26165942
Source:CRMLS

Price summary

  • Price:$5,400,000

About this home

5.57% ACTUAL CAP RATE - Cash-flowing day 1 without needing to upgrade any unit! Year 2 CAP Rate is 6.35% with an annual rent increase. The 1063, a HIGH CAP Rate turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers 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 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...

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Home facts

  • Year built:1963
  • Listing ID #:AR26165942
  • Added:2 day(s) ago
  • Updated:August 01, 2026 at 11:04 AM

Rooms and interior

  • Flooring:Vinyl, Wood
  • Kitchen Description:Dishwasher, Disposal, Gas Range, Microwave, Range Hood, Refrigerator

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1963
  • Lot area:0.17 Acres
  • Lot Features:Level with Street, Near Public Transit, Rectangular Lot, Street Level
  • Architectural Style:Mid Century Modern
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$5,400,000

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:11
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:11
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