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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.
Property Type(s):
Commercial
| Last Updated | 7/29/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | 626 - Glendale-Northwest | County | Los Angeles |
Additional Details
| AREA | 626 - Glendale-Northwest |
|---|---|
| LOT | 7484 sq ft |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Professional Realty Company
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR 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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