1063 Justin Ave, Glendale, CA, 91201
About This Home
5.57% ACTUAL CAP RATE - Cash-flowing day 1 without needing to upgrade any unit! Year 2 CAP Rate is 6.35% with an annual rent increase. The 1063, a HIGH CAP Rate turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers superb location (Walkscore 86) with access to many amenities, within walking distance to IKEA Burbank, Burbank Downtown, many shopping centers, close to schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). The offering is unique due to its prime location, High CAP Rate, and turnkey conditions. New owner can enjoy high quality location, asset, and good cash flow immediately without the hardships of relocating tenants and managing construction crews. 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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled,Turnkey
- Year built: 1963
Materials
- Roof: Flat
Type & Style
- Home type: MultiFamily
- Architectural style: Mid-Century Modern
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Gas Range,Microwave,Refrigerator,Range Hood,Dryer,Washer
- Laundry features: Washer Hookup,Gas Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 14
- Bathrooms: 12
Features
- Window features: Double Pane Windows
- Flooring: Vinyl,Wood
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 0
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 5623026040
- Attached to another structure: Yes
- Zoning: GLC3*
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 7,327 sqft
- Features: Level,Near Public Transit,Rectangular Lot,Street Level
Parking
- Total spaces: 11
- Parking features: Assigned
- Has garage: Yes
- Attached garage spaces: 11
- Covered spaces: 11
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $27,305 | $327,660 |
| Home Insurance * | $666 | $7,992 |
| Property Taxes | $3,015 | $36,180 |
| Electricity | $398 | $4,786 |
| Total | $31,384 | $376,608 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $5,400,000 |
| 2025-08-06 | Listing removed | $5,400,000 |
| 2025-06-23 | Listed for sale | $5,400,000 |
| 2021-12-13 | Listing removed | -- |
| 2021-12-01 | Listed for rent | $2,200 |
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