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PENDING
1021 Justin Avenue, Glendale, CA 91201
3
beds
3
baths
6234
ft2
· 7380
ft2 lot
$3,120,000
$500 / ft2
Listing provided courtesy of Jeanelle Mountford, GIG Real Estate Inc..
Source CRMLS.
1021 Justin Avenue, an 8-unit apartment located in the highly desirable city of Glendale, above Glenoaks Boulevard, bordered by the City of Burbank. The property is situated near superb access to nearby amenities, such as schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). The property is a two-story apartment community with gated parking and secured entrance. It is situated on a residential street surrounded by other a single-family and condominium communities. Built in 1987, it offers a superb unit mix of (4) 2 bed + 2 bath units, (4) 1 bed + 1 bath units, with a total of 11 gated parking spaces on a lot size of ±7,380 SF with a total building size of ±6,234 SF. The property has been well maintained throughout current ownership with no known deferred maintenance with recently incorporated cost-efficient features such as, electricity generating solar system (zero electric bill), “electric eye”, newer polyurethane roof, dual-pane windows, new air conditioning units, on-site laundry (machines owned), central A/C, individual water heaters, and 1.5 GPF plumbing. Each unit has a spacious layout, updated appliances with stainless steel sinks, tile and laminate wood flooring, and refreshed vanities, countertops and cabinetry.
HOA
$—/month
On market
3 months
Year built
1987
Property type
Multi-Family
Parking
12
MLS
AR21006277
Price / Sq.Ft.
$500 / ft2
Status
Pending
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 6234.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Carport, Covered
•   
Garage Spaces: 6.00
•   
Carport Spaces: 6.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: GLR4*
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Level, Value In Land
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1694
•   
Lot Size Area: 7380.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Property Features
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 9
•   
Number Of Separate Gas Meters: 9
•   
Number Of Separate Water Meters: 9
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Laundry Income: 2700.00
•   
Cap Rate: 4.08
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 46115.00
•   
Gross Scheduled Income: 178980.00
•   
Operating Expense: 46115.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 178980.00
•   
Tax Year: 2019
•   
Taxes: 9518.0
Lease Info
•   
Net Operating Income: 127495.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1738.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 4.00
•   
Unit 2 Total Rent: 6950.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 8.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1935.00
•   
Unit 1 Total Rent: 7740.00
Multi Unit Information
•   
# Of Units: 2
•   
Price Per Unit: 390000
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks, Street Lights, Suburban
School Info
•   
Directions: South of Glenoaks Blvd, North of San Fernando Rd, East of Western Ave
Other
Calculation
•   
Dom: 21
•   
Cdom: 21
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 7:55pm
Neighborhood snapshot
14
Properties for sale
23
Median days on market
$571.79
Median sold price/sqft
102.99%
Sold/List %
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Property History
02/01/2021
02/01/2021
CRMLS #AR21006277
pending
CRMLS #AR21006277
$3,120,000
01/11/2021
01/11/2021
CRMLS #AR21006277
active
CRMLS #AR21006277
$3,120,000
+355.47%
05/26/1988
05/26/1988
Public Record
sold
Public Record
$685,000
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