CA > Glendale
Glendale, CA 91201,231 Justin AVE
Glendale, CA 91201,231 Justin AVE
Glendale, CA 91201,231 Justin AVE
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$2,750,000
Est. payment /mo
7,483 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25134474

HOA Y/N No

Year Built 1960

Lot Size 7,483 Sqft

Property Sub-Type Multi Family

Property Description

We are pleased to present 231 Justin Avenue, a nine-unit multifamily investment opportunity located in the heart of Glendale. This pride-of-ownership asset offers investors a rare opportunity to acquire a well-maintained property with significant income potential — 30% or more in rental upside achievable through a focused interior renovation program.

Built in 1961, the property spans 8,422 square feet on a 7,482 square foot lot, featuring a desirable mix of three (3) one-bedroom/one-bath units and six (6) two-bedroom/one-and-a-half-bath units. Many of the units remain in original condition, presenting a clear path to increased cash flow via upgrades. The property also features tuck-under parking, on-site laundry, and is separately metered for gas and electricity, ensuring operational efficiency for future ownership.

Zoned R3050, the existing unit count is considered irreplaceable under current zoning constraints, adding long-term security to the investment. The well-designed layout and generous square footage per unit provide an excellent canvas for modernization and rent repositioning.

Ideally located just west of Brand Boulevard and north of San Fernando Road, 231 Justin Ave is within close proximity to major employment centers, award-winning schools, and the world-class shopping and dining amenities of The Americana at Brand and Glendale Galleria. Commuters benefit from seamless access to the 5, 134, and 2 Freeways, offering direct connectivity to Burbank, Eagle Rock, Downtown Los Angeles, and the San Fernando Valley.

This is a unique opportunity to acquire a stable, value-add multifamily asset in one of Los Angeles County's most resilient and supply-constrained rental markets.

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 4

Total Parking Spaces 6

Building

Lot Description 0-1 Unit/Acre

Story 2

Water Public

Others

Tax ID 5626011021

Special Listing Condition Standard

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CRMLS – RECore
Listed by Gilda Baez Professional Realty Company 323-896-7054
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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