1157 Justin Ave Glendale, CA 91201
Property details
About 1157 Justin Ave
With a unit mix featuring mostly large two-bedroom apartments, the property offers an investor stable cash flow with the opportunity to increase income further by capitalizing on rent upside. Because the building is not subject to Los Angeles Rent Control, a new owner can improve rental income more rapidly via AB 1482. In addition to installing brand new electric subpanels in all units, the current owner has upgraded the vast majority of units to include new granite countertops, new wood laminate flooring, new dual pane windows, and new AC units. Plumbing throughout the building is mostly copper pipes, while the building features a new water heater and new roof insulation as well. An additional income stream is generated via the on-site laundry facilities, which are owned by the landlord. This location features strong tenant demographics, with several major employers nearby in both Glendale and Burbank. Walt Disney Studios, Warner Brothers Studios, Walt Disney Imagineering, and Dreamworks Animation are all within a short distance. The Los Angeles Zoo, Griffith Park, Universal Studios, and the Los Angeles Equestrian Center are all situated near the property as well. The high-end Americana at Brand and the remodeled Glendale Galleria are both a short drive from the property, as are the Burbank Town Center and Burbank Empire Shopping Center. The largest IKEA store in North America sits within blocks of the property, as do Trader Joe's, Ralphs, CVS, The Home Depot, and Smart & Final.
Highlights
Summary
- MLS Number: 24460071
- MLS Name: CRMLS
- Office Name: Marcus & Millichap
- Office Phone: (818) 212-2700
- Listing Agent: Roderick 'Rick' Raymundo
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: 1/23/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,400,000
1157 Justin Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 26, 2018 | Home Sold | $2,383,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $2,737,063 | $30,817 |
| 2020 | $2,705,040 | $29,662 |
| 2019 | $2,652,000 | $27,341 |
| 2018 | $2,430,660 | $11,956 |
| 2017 | $1,014,541 | $11,956 |
History based on county public records data.
Nearby schools
6
Thomas Jefferson Elementary School
Public District PK-6
0.1 mi
•1540 5th St
7
Balboa Elementary School
Public District KG-6
0.6 mi
•1844 Bel Aire Dr
8
Benjamin Franklin Elementary School
Public District KG-6
0.9 mi
•1610 Lake St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,567. Typical income of Glendale, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
Frequently asked questions
About 1157 Justin Ave
This home is located at 1157 Justin Ave in Glendale, CA and zip code 91201 in the Grandview neighborhood. This 7,089 square foot home, which was built in 1963, sits on a 0.18 acre lot. Features: 14 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since November 5, 2024 and is currently priced at $3,400,000.
Over 26 listings were sold over their listed price in December 2024 in Glendale, CA. In the same period over 20 listings were sold below the listed price and 5 listings were sold for the listed price. The inventory of homes for sale in Glendale, CA between November and December 2024 decreased by 22.7%. In December 2024 median list price was $1,155,000 and the average listing age was 33 days.