Built in 1957, the property consists of a great unit mix of two (2) studio, one bathroom units, ten (10) one-bedroom, one bath units, and two (2) two-bedroom, one bath units. The units are spread out over 8,988 square foot of gross leasable area. The units are separately metered for gas and electricity. Individual parking spaces are located on the ground floor along with the communal laundry room. The investment is offered at an attractive cap rate along with upside in the rents. The loss-to-lease is more easily achieved with AB1482 rent control. Delivered with 2 vacant units. Please contact listing agents for offering memorandum.
Property Details
Property Features
Property Information:
Architectural Style: Mid-Century Modern
Year Built: 1957
Stories: 2
Living Area: 8,988 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: William James
Interior Features
Interior Information:
Appliances: Range, Refrigerator
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 14
Exterior Features
Exterior Information:
Private Pool: No
View: Hills
Parking Information:
Parking: Assigned, Carport
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: Heading North on the 5 Fwy exit Western heading West.
Price Information
Listing Price Info
Price Summary:
List Price: $3,595,000
Price Per SqFt: $400/SqFt
Tax Information:
Annual Amount: $36,149
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Glendale, CA.
This property is $2.4M more than the Median Sold Price and $317/SqFt less than other homes in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24391817
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: William James
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 31, 2014
Mar 31, 2014Home Sold
$2,200,000
May 25, 2007
May 25, 2007Home Sold
$1,800,000
Sep 01, 2004
Sep 01, 2004Home Sold
$1,480,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$36,149
$3,219,067
2020
$34,777
$3,182,349
2019
$34,289
$3,119,951
2018
$33,733
$3,058,776
2017
$33,733
$2,998,800
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Benjamin Franklin Elementary School
1610 Lake St
Distance between this listing and this school0.25 miles
Public District Grades KG-6
6
/10
William McKinley Elementary School
349 W Valencia Ave
Distance between this listing and this school0.81 miles
Public District Grades KG-5
6
/10
Thomas Jefferson Elementary School
1540 5th St
Distance between this listing and this school1.06 miles
Public District Grades PK-6
Nearby Schools
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.08 miles
Public District Grades 6-8
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school1.66 miles
Public District Grades 6-8
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school2.56 miles
Public District Grades 6-8
Nearby Schools
8
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school1.74 miles
Public District Grades 9-12
8
/10
John Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.78 miles
Public District Grades 9-12
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school2.08 miles
The neighbors living near this home have an average income of $57,632. Typical income of Glendale, CA residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 227 Justin Ave
What is the listing price of this property?
The listing price of 227 Justin Ave property is $3,595,000.
What type of property is this?
The property 227 Justin Ave is a house located in Glendale, California, 91201.
Is this property for sale now?
Active Listing: 227 Justin Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $36,149 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 31, 2014 for $2,200,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 227 Justin Ave has 14 bedrooms and 14 bathrooms.
What is the square footage of this property?
The property 227 Justin Ave is 8,988 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 227 Justin Ave is 1957.
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This home is located at 227 Justin Ave in Glendale, CA and zip code 91201 in the Riverside Rancho neighborhood. This 8,988 square foot home, which was built in 1957, sits on a 0.17 acre lot. Features: 14 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $3,595,000.
In October 2024, from all listings sold in Glendale, CA there were more than 38 sold above asking price, over 24 sold below and more than 7 were sold right at the asked price. Between September 2024 and October 2024, Glendale, CA real estate market has seen increase in the number of listings by 4.9%. The median list price of listings available in October 2024 was $1,150,000, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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