High Upside Investment – Vacant Unit at Close of Escrow
RE/MAX Optima proudly represents 1168 Justin Ave, Glendale, CA 91201, a prime 4-unit opportunity located above Glenoaks Blvd — one of Glendale’s most desirable rental pockets.
The property offers a strong unit mix:
• One (1) 3BD / 2BA
• One (1) 1BD / 1BA with 2 additional Unpermitted rooms.
• Two (2) 1BD / 1BA
Totaling 2,865 square feet across three separate buildings, the layout provides added privacy and consistent tenant demand.
One of the 1-bedroom, 1-bathroom units is currently vacant, allowing a new owner to immediately capture market rent and significantly improve cash flow from day one. This is a rare opportunity to step into an asset with built-in upside without waiting for turnover.
All units are in good condition, offering stable income with future rental growth potential. The property also features mature kumquat, orange, and apple trees, adding charm and appeal for tenants.
Located in a strong rental corridor of Glendale with convenient access to shopping, dining, and major freeways, this is an excellent opportunity for investors seeking both immediate upside and long-term appreciation.
Listed by Raymond Ovsepyan
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License #01362407
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Remax Optima
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818-355-5589
Listed by Andre Ovsepyan
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License #02160428
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Remax Optima
Last updated March 06, 2026
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Source: CRMLS #GD26019206
Listing Facts
TypeMulti-family
NeighborhoodGrandview
Days on Prevu24
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
02/20/2026
Listed by Remax Optima
$1,699,000
Property Details for 1168 Justin Avenue
Association
Amenities
Community Features: Curbs, Sidewalks
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Roof: Asphalt, Asbestos Shingle, Clay
Stories Total: 2
Year Built: 1926
Common Walls: 2+ Common Walls
Construction Materials: Drywall, Stucco
Entry Level: 1
Entry Location: 1
Features
Fencing: Block
Measurements
Building Area Total: 2,865
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.20
Lot Size Area: 9,052
Lot Size Source: Assessor
Lot Size Square Feet: 9,052
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.7
Gross Income: $125,400.00
Operating Expense: $30,310.00
Taxes
Parcel Number: 5623011021
Interior
Features
Appliances: Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Flooring: Laminate, See Remarks, Tile
Interior Features: Bedroom On Main Level
Other
Location
Tax Lot: 14
Parking
Parking
Garage Spaces: 1
Garage: Yes
Open Parking Spaces: 2
Parking Features: Concrete, Driveway
Parking Total: 3
Utilities
Equipment
Cooling: Central Air, Wall/Window Unit(s)
Has Cooling: Yes
Heating: Central, Wall Furnace
Has Heating: Yes
Laundry Features: Common Area, Inside
Sewer: Public Sewer
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, See Remarks, Water Available, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1168 Justin Avenue.
Does this multi-family home have parking?
Yes, there is 1 parking space available for 1168 Justin Avenue.
How does 1168 Justin Avenue compare to other multi-family homes in Grandview?
This multi-family home is listed 56% below the average price for multi-family homes in Grandview and has been on the market for 111 less days than the typical home in this area.
1168 Justin Avenue is a -bedroom multi-family home for sale in Glendale CA 91201. Available on Prevu for 24 days at $1,699,000. This property is located in Grandview. The median listing price for multi-family homes in this area is $3,195,000. The home offers air conditioning and parking. Browse more multi-family home listings in Glendale.
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.