NOT LISTED FOR SALE

1063 Justin Ave Glendale, CA 91201

Grandview Neighborhood
3 Beds
3 Baths
9,196 Sq Ft
7,324 Sq Ft Lot

Last Sold June 30, 2021

Last sale price $3,265,000 $355 Per Sq Ft

44 Days on Market

Highlights

  • Laundry Room
  • Herbert Hoover High School Rated A-
  • Level Lot

About This Home

As of June 2021

First time on market since 1960s. True value add opportunity in the incredible city of Glendale. 12 units consisting of 2 x studios, 6 x 1b/1b, and 4 x 2b/1b apartments. Recent capital expenditures including new central water heater, new windows throughout, new sewer line, and roof repairs. Come see the opportunity. Property subject to Glendale Rental Ordinance 5922 and California Tenant Protection Act AB 1482. There are no COVID delinquencies.
Seller has reduced rent on two units to accommodate tenants' situation. Please do not disturb tenants or walk on property. Contact listing agents for more information.

Last Agent to Sell the Property

CHRISTOPHER JOHNSON

LEE & ASSOC COMM R E SERV/PAS License #01934154 Listed on: 03/12/2021

Last Buyer's Agent

Robert Leveen

Robert Leveen License #01476685

Robert Leveen

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,324 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 9,196 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 11 Parking Spaces
  • 11 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 69
  • Tax Tract Number 3196
  • Assessor Parcel Number 5623026040

Community Details

Building Details

  • 11 Leased Units
  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Insurance Expense $4,000
  • Trash Expense $900
  • Water Sewer Expense $5,000
  • New Taxes Expense $41,016
  • Operating Expense $74,910
  • Gross Income $251,540
  • Net Operating Income $162,969

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.41
  • Other Phone Description: Cell
  • Other Phone Number: 6266761932
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Zoning: GLC3*
  • Property Type: Residential Income
  • Parcel Number: 5623026040
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 355.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7324.00
  • Lot Size Acres: 0.1681

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 251540.00
  • Gross Multiplier: 14.75
  • Gross Operating Income: 241522.00
  • Gross Scheduled Income: 251540.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7324.0000 Square Feet
  • Net Operating Income: 162969.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Units Leased: 11
  • Number Of Units Total: 12
  • Operating Expense: 78553.00
  • Rent Control: Yes
  • Total Actual Rent: 11460.00
  • Total Expenses: 74910.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 41016.00
  • Tax Census Tract: 3016.01
  • Tax Lot: 69
  • Tax Tract Number: 3196

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $3,265,000 -11.6% $355 / Sq Ft
03/12/2021 03/12/21 For Sale $3,695,000 -- $402 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    CHRISTOPHER JOHNSON

    LEE & ASSOC COMM R E SERV/PAS

    Section Image
  • Robert Leveen

    Buyer's Agent in 2021

    Robert Leveen

    Robert Leveen

    (213) 220-9800

    1 in this area

    14 Total Sales

    Robert Leveen
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21051557

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91201 Grandview

1063 Justin Ave, Glendale, CA

This home is located at 1063 Justin Ave, Glendale, CA 91201 since 12 March 2021. This property was built in 1963. 1063 Justin Ave is a home located in Los Angeles County with nearby schools including Thomas Jefferson Elementary School, Eleanor J. Toll Middle School, and Herbert Hoover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes