CA > Glendale
Glendale, CA 91203,107 N Columbus Ave
Glendale, CA 91203,107 N Columbus Ave
Glendale, CA 91203,107 N Columbus Ave
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$7,100,000
Est. payment /mo
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10 BD
13 BA
7,796 SqFt
Active

107 N Columbus Ave Glendale, CA 91203

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Evan Bellman

Evan Bellman

+1(702) 830-0895

UPDATED:

01/30/2025 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,796 sqft

Price per Sqft $910

MLS Listing ID 25-482897

Bedrooms 10

Year Built 1925

Lot Size 9,452 Sqft

Acres 0.217

Property Description

Graceland Apartments, located at 107 N. Columbus Avenue, is a charming 13-unit historic American Four Square building just one block from the Glendale Americana. The current owner has made over $1 million in strategic capital improvements, including upgrades to the electrical system, plumbing, and roofing. Spanning two parcels, the property offers a diverse mix of units: (2) 2-bedroom/1-bathroom, (6) 1-bedroom/1-bathroom, and (5) studios. With spacious floorplans, many units have been meticulously restored to cater to the area's strong tenant demand. A RUBS (Ratio Utility Billing System) program has been implemented across all units, boosting operational efficiency and allowing for a sub-30% expense ratio for future owners. The property also includes ten garages, currently generating rental income with the potential to be converted into three 2-bedroom/1-bathroom ADUs, each around 700 square feet. These ADUs could add approximately $34,605 in annual rental income. By capitalizing on market rent increases and investing in ADU construction, a new owner could see an impressive return on cost of up to 333%. ***Assumable Financing Available***

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLC3*

Rooms

Other Rooms None

Interior

Heating Electric

Cooling Electric

Equipment Washer, Dryer

Exterior

Parking Features Attached, Garage Is Attached

Garage Spaces 10.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Dover Management Corp.

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Evan Bellman

Agent | RE.S.182274.LLC

+1(702) 830-0895

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107 N Columbus Ave