1063 Justin Avenue, Glendale, CA 91201

Glendale
Local realty services provided by:ERA North Orange County Real Estate
1063 Justin Avenue,Glendale, CA 91201
$5,400,000
Virtual Tour
  • 3 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR26165942
Source:San Diego MLS via 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...

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Home facts

  • Listing ID #:AR26165942
  • Added:58 day(s) ago
  • Updated:September 26, 2026 at 02:07 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$5,400,000
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