523 Justin Ave, Glendale

Price: $945,000

Units: 5

523 Justin Ave was an on market transaction with MVI representing the buyer.  The buyer we worked with was very familiar with Glendale apartment buildings and was only looking to expand to his portfolio.  People like the Glendale market due to it being Non Rent Controlled.  This allows for owners to consistently keep the rents at market rate.  This 5 Unit building was tucked up against the 134 freeway but surprisingly the noise levels were not bad.  There were 4 units in the front of the property with a SFR in the back of the lot. Our client plans on holding onto this for quite some time!