615 S Columbus Avenue, Glendale CA, 91204

Active

615 S Columbus Avenue

Glendale CA, 91204

$6,400,000

$742.46 per sqft

Active

12 Beds

13 Baths

8,620 sqft

Residential

Built in 1923

Listed by Douglas Steinriede with Dover Management Corp. 818-843-5200

Glendale Court Bungalows, located at 615 S. Columbus Avenue, is a beautifully restored 13-unit California bungalow-style courtyard property, just five blocks from the Glendale Americana. The current owner has invested over $700,000 in capital improvements, including upgrades to electrical systems, plumbing, and exterior features. The property consists of 12 one-bedroom/one-bath units and one studio, all of which have been meticulously renovated to meet the strong tenant demand in the area. A Ratio Utility Billing System (RUBS) has been implemented across all units, boosting operational efficiency and ensuring a sub-30% expense ratio for future ownership. The property also offers eight garages and five surface parking spaces, currently generating income. The garages present a potential opportunity for conversion into three ADUs (Accessory Dwelling Units), which could generate an estimated $34,605 in additional annual rental income. With further investment in ADU construction and adjustments to market rents, a new owner could achieve an impressive return on cost of nearly 270%. ***Assumable financing is available at 5.18%, with 5 years of fixed financing, including 2 years of interest-only payments remaining.***

25483003

MLSⓇ ID

January 22, 2025

Listed

January 30, 2025

Updated

Map

615 S Columbus Avenue
Glendale CA, 91204

Interior Features

Total Stories: 1
Bedrooms: 12
Total Bathrooms: 13
Appliances: Dryer, Washer
Fireplace: No
Cooling: Yes
Cooling Description: Electric
Heating: Yes
Heating Description: Electric

Exterior/Building Features

Lot Size: 0.43 Acres

Other Property Details

Area Name: 628 - Glendale-South of 134 Fwy
Days on Market: 8
Garage: Yes
Garage Spaces: 8
Parking Total: 13
View: No
County: Los Angeles
Pool: No
Zoning: GLR4YY

Listing Contact: 818-843-5200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/30/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/30/2025 at 1:46 PM UTC