Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
N/A
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.
Features & Amenities
Interior
- 
    Total Bedrooms N/A 
- 
    Bathrooms N/A 
- 
    Pet friendly N/A 
Exterior
- 
    Garage No 
- 
    Pool No 
Area & Lot
- 
    Lot Size(acres) 0.1718 
- 
    Property Type Commercial Sale 
- 
    Property Sub Type Multi Family 
Price
- 
    Sales Price $2,750,000 
- 
    Sq. Footage N/A 
- 
    Price/SqFt N/A 
HOA
- 
    Association No 
School District
- 
    Elementary School N/A 
- 
    Middle School N/A 
- 
    High School N/A 
Property Features
- 
    Stories 2 
- 
    Water Source Public 
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Gilda Baez , Professional Realty Company
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