Address: |
view address Glendale, CA 91201 Map Location |
Features: | Multi-level |
---|---|---|---|
Lot Size: | 7327.0 | Year Built: | 1963 |
Views: | Mountain(s) | Property Type: | Apartment |
County: | Los Angeles | List Date: | 2024-04-18 |
Listing Number: | AR24078643 | Listing Office: | 626-224-2495 |
Virtual Tour: | Click Here | Days on market: | 25 |
5.10% CAP Rate without doing any renovation! 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 (Walk score 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 relocating tenants and managing construction crews. 1063 Justin is a beautifully upgraded and maintained garden style apartment community built in 1963. It is a two-story walkup apartment consisting of 12 units. It offers a beautifully landscaped (drought tolerant) center courtyard common area. It offers a superb unit mix of four (4) LARGE 2 bed + 1 bath units, six (6) spacious 1 bed + 1 bath units, and two (2) Studio units. Each unit one has been fully upgraded with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The exterior upgrades include a new fa�ade, new exterior paint and signage, new entry gate, completely redone landscaping, updated electrical, and much more! Each unit is large with an excellent layout. One of the 2bedroom unit has a private balcony. The property is separately metered for electricity and gas. The property offers a single level gated parking area with 11 parking spaces. It is serviced by a master water heater and has additional shared laundry room.
Appliances: | Dishwasher, Washer, Dryer, Range Hood, Gas Range, Refrigerator, Microwave |
Fireplace features: | None | Flooring: | Vinyl, Wood, Laminate |
Laundry Features: | Washer Hookup, Gas Dryer Hookup | Laundry: | Yes |
Window Features: | Double Pane Windows |
Cooling features: | Wall/Window Unit(s), ENERGY STAR Qualified Equipment | Heating features: | Wall Furnace |
Heating: | Yes |
Lot features: | Near Public Transit, Landscaped, Rectangular Lot | Roof: | Flat |
Pool Features: | None | Spa Features: | None |
Spa: | Yes |
Parking features: | Assigned | Garage spaces: | 11 |
Fencing: | Wrought Iron |
Views: | Mountain(s) | Has View: | Yes |
Sewer: | Public Sewer |
Special Listing Conditions: | Standard |
Year Built: | 1963 | Levels: | Two |
Stories: | 2 |
Lot Dimensions: | 7327.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.