MarketPier

519 JUSTIN Avenue - Glendale, CA 91201

$4,000,000
Listing 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.

Listing Information
MLS Number
19466844
APN/Parcel ID
5626015025
Type
Multifamily
Sub Type
Multifamily
Building Size
9,401 sqft
Lot Size
9,179 sqft
Price / SQFT
$425
No Units
7
Price / Unit
$571,429
Gross Income
$227,916
Total Expenses
$69,451
Net Income
$151,627
Rent Multiplier
17.55
Cap Rate
3.79%
Listing Date
5/15/2019
Days Active
3
Last Updated
5/19/2019
Listing Provided By
Filip Niculete
Marcus & Millichap
BRE# 01905352

Thank You

An email has been sent. Someone will be in touch soon!

Contact Agent

Please Complete All Required Fields.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or with the appropriate professionals.