1063 Justin Avenue
1063 Justin Avenue
Description
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 façade, 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.
- Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495
Property Details for 1063 Justin Avenue
Location
Property Details for 1063 Justin Avenue
| Status | Active |
|---|---|
| MLS # | AR24078643 |
| Days on Market | 14 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| County | Los Angeles County |
Location
Building Information for 1063 Justin Avenue
Payment Calculator
$34,381 per month
30 year fixed, 7.25% Interest
$31,216
$3,165
$0
Property Information for 1063 Justin Avenue
- Tenant Pays: Electricity, Gas
- Gross Income: $386,616
- Gross Scheduled Income: $386,616
- Vacancy Allowance: 5799
- Vacancy Allowance Rate: 2
- Gross Operating Income: $380,817
- Net Operating Income: $291,448
- Gross Multiplier: 14.8
- Cap Rate: 5.1
- Current Financing: Conventional
- Operating Expense: $89,369
- Operating Expense Percent: 24.00%
- New Taxes Expense: $61,980
- Gardener Expense: $1,800
- Fuel Expense: $1,242
- Pest Control Expense: $1,860
- Electric Expense: $0
- Insurance Expense: $5,518
- Maintenance Expense: $5,660
- Professional Management Expense: $0
- Trash Expense: $4,944
- Water Sewer Expense: $4,616
- Total Expenses: $89,369
- Tax Tract Number: 3196
- Tax Census Tract: 3016.01
- CFD/Mello-Roos Fee: $1,206
- Tax Lot: 69
- Assessments YN: Yes
- Assessments: Buyer to Verify
- Community Features: Urban
- Appliances: Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator
- Equipment: Dishwasher, Dryer, Dryer Included, Gas Dryer Hookup, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
- Laundry: Yes
- Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
- Laundry Equipment Own Lease: Lease
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: ENERGY STAR Qualified Equipment, SEER Rated 16+, Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Flooring: Laminate, Vinyl, Wood
- Virtual Tour URL Branded: http://growthinvestmentgroup.com/listingdetail.aspx?pid=10440
- Window Features: Double Pane Windows
- Roof: Flat
- Entry Location: 1
- Fence: Yes
- Fence: Wrought Iron
- Fencing: Wrought Iron
- Property Condition: Turnkey
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: Landscaped, Level with Street, Rectangular Lot, Near Public Transit
- Direction Faces: East
- Number Of Units: 12
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Road Surface Type: Paved
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Electric: Standard
- Water Source: Public
- Garage Spaces: 11
- Parking: Yes
- Parking Garage: Assigned
- Uncovered Spaces: 0
- Open Other Spaces Total: 0
- Parking Garage Spaces: 11
- Carport Spaces: 0
- Parking Features: Assigned
- Unit Type Units Total: 4
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 4
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,195
- Unit Type Total Rent: $12,780
- Unit Type Pro Forma: 13200
- Unit Type Type: 1
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 6
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,563
- Unit Type Total Rent: $15,378
- Unit Type Pro Forma: 16200
- Unit Type Type: 2
- Unit Type Units Total: 2
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,030
- Unit Type Total Rent: $4,060
- Unit Type Pro Forma: 4200
- Unit Type Type: 3
- Number Of Units Leased: 12
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 13
- Number Of Separate Gas Meters: 13
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 12
- Number With Range: 12
- Number With Refrigerator: 12
- Number With Carpet: 0
- Number With Disposal: 12
- Number With Drapes: 0
- Number With Patio: 2
- Number Wall AC: 12
Property History for 1063 Justin Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1063 Justin Avenue
Schools near 1063 Justin Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 6 |
Rating | School | Distance |
|---|---|---|
Thomas Jefferson 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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Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
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.