1168 Justin Ave - Apartments FOR SALE


Glendale, CA 91201- Grandview
$1,699,000 USD
818-355-5589
1168 Justin Ave, Glendale, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/32
null | 5.7% Cap Rate

1168 Justin Ave
Glendale, CA 91201
Grandview


HIGHLIGHTS

  • Prime 4-unit multifamily investment located above Glenoaks Boulevard in one of Glendale’s most desirable rental neighborhoods.
  • Convenient access to major freeways, shopping, dining, and employment centers, ensuring strong tenant demand and stable occupancy.
  • On-site parking includes three spaces and one garage, offering added convenience for residents.

OVERVIEW

High Upside Investment – Vacant Unit at Close of Escrow RE/MAX Optima proudly represents 1168 Justin Ave, Glendale, CA 91201, a prime 4-unit opportunity located above Glenoaks Blvd — one of Glendale’s most desirable rental pockets. The property offers a strong unit mix: • One (1) 3BD / 2BA • One (1) 3BD / 1BA • Two bedrooms are not permitted. Two (2) 1BD / 1BA Totaling 2,865 square feet across three separate buildings, the layout provides added privacy and consistent tenant demand. One of the 1-bedroom, 1-bathroom units is currently vacant, allowing a new owner to immediately capture market rent and significantly improve cash flow from day one. This is a rare opportunity to step into an asset with built-in upside without waiting for turnover. All units are in good condition, offering stable income with future rental growth potential. The property also features mature kumquat, orange, and apple trees, adding charm and appeal for tenants. Located in a strong rental corridor of Glendale with convenient access to shopping, dining, and major freeways, this is an excellent opportunity for investors seeking both immediate upside and long-term appreciation. Agents, please note the public record for unit A in the back shows 1 bedroom, 1 bathroom; however, Property currently configured as 3 bedrooms. Two rooms are not permitted. Buyer to verify all permits, square footage, and room count to their satisfaction.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$593 USD /SF

# OF UNITS

4

PRICE/UNIT

$424,750

CAP RATE

5.7%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

GLR4YY

APN/PARCEL ID

5623-011-021

ASK ABOUT THIS PROPERTY

Raymond OvsepyanRe/Max OptimaMore Info
818-355-5589

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Raymond OvsepyanRe/Max OptimaMore Info
818-355-5589

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.