1063 Justin Avenue
Glendale, CA 91201
3
Bed
3
Bath
7,327Sqft(Lot)
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 reloc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatAppliances: Dishwasher, Disposal, GasRange, Microwave, Refrigerator, RangeHood, Dryer, WasherLaundry Features: WasherHookup, GasDryerHookupWindow Features: DoublePaneWindows -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1963Stories: 2Pool Features: NonePrivate Pool: NoView: Mountains
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Lot Information
Main Square Feet: 7327 Lot Size Acres: 0.1682 Lot Size Source: Assessor Lot Size Square Feet: 7,327 Lot Description: Level,NearPublicTransit,RectangularLot,StreetLevel
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Listing Price Information
Listing Price: $5400000Cash, CashToNewLoan
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Tax Information
Parcel Number: 5623026040 Tax Lot: 69
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Virtual Tour
Parking Information
Parking Total: 11 AssignedGarage Information
Has Garage: Yes Garage Space: 11
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Utility Information
CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected -
Location Information
Direction: From Brand Blvd go west on Glenoaks Blvd and make left on Justin Ave WaterSource: Public
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ByOwner last updated this listing 08/07/2026 @ 22:23
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