231 Justin Ave

Glendale, CA 91201

$2,750,000
Price
—
Beds
—
Baths
8,422 Sq. Ft.
$327 / Sq. Ft.
8,422
Sq. Ft.
$327
per Sq. Ft.
a view of a white house with a small garden
a view of a white house with a big yard and large trees
a view of a white house with a yard
a view of a terrace
a view of house and outdoor space
a car parked in front of house
a house view with a outdoor space
a view of outdoor space yard and patio
a view of building with yard and staircase
a view of a white house with a yard and plants

Description

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...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 Details for 231 Justin Avenue

Parking Spaces Total
6
Total Units
9.0
Industrial Type
High Tech/R&D
Lot Size Source
Assessor
Building Area Total
8422
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
LISTING UPDATED: 09/15/2025 03:39 AM

Property Details for 231 Justin Avenue

StatusActive
MLS #BB25134474
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1960
Lot Size0.17 AC / 7,482 SF
CountyLos Angeles County

Location

Listing Courtesy of Professional Realty Company, Gilda Baez, DRE #02061827
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Building Information for 231 Justin Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,482 SF

Payment Calculator

$14,321 per month

30 year fixed, 6.28% Interest

Principal and Interest

$13,589

Property Taxes

$732

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 231 Justin Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $158,401
  • Net Operating Income: $131,267
  • Laundry Income: $444
Expense Details
  • Operating Expense: $27,577
  • Expense Year: $2,024
  • Reserves Expense: $27,577
  • Building Expenses: $2,722
  • Electric Expense: $1,639
  • Maintenance Expense: $4,110
  • Professional Management Expense: $9,320
  • Other Expense: $1,595
  • Trash Expense: $4,823
  • Water Sewer Expense: $3,368
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 2
  • Carport Spaces: 4
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $10,735
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $3,560
  • Unit Type Type: 2

Property History for 231 Justin Avenue

DateEvent & SourcePriceAppreciation
Sep 15, 2025

Price Change

CRMLS #BB25134474

$2,750,000—
Jul 29, 2025

Listed (Active)

CRMLS #BB25134474

$2,995,000—
DateEvent & SourcePrice
09/15/2025

Price Change

CRMLS #BB25134474

$2,750,000
07/29/2025

Listed (Active)

CRMLS #BB25134474

$2,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 231 Justin Avenue

Taxable ValueLand$202,913Additions$517,645Total$720,558
Tax Record2025$8,787 ($732 / month)
Home Facts
Total Finished SqFt8,422 SqFtAbove Grade Finished SqFt8,422 SqFtLot Size7,482 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningGLR4H*CountyLOS ANGELESAPN5626-011-021

Schools near 231 Justin Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Balboa Elementary School
Public - K to 6
Eleanor J. Toll Middle School
Public - 6 to 8
Herbert Hoover High School
Public - 9 to 12
Benjamin Franklin Elementary School
Public - K to 6
Rating
School
Distance
Balboa Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Benjamin Franklin Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 231 Justin Avenue, Glendale, CA 91201

231 Justin Avenue is a multi-family home for sale in Glendale, CA 91201. This property was listed for sale on July 29, 2025 by Professional Realty Company, it's currently listed at $2,750,000. This listing's school district is Glendale Unified School District. Nearby schools include Balboa Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 231 Justin Avenue is a 0-bed, 0-bath, 8,422 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Professional Realty Company, Gilda Baez, DRE #02061827

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.