CA > Glendale
Glendale, CA 91204,615 S Columbus Ave
Glendale, CA 91204,615 S Columbus Ave
Glendale, CA 91204,615 S Columbus Ave
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$6,400,000
Est. payment /mo
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12 BD
13 BA
8,620 SqFt
Active

615 S Columbus Ave Glendale, CA 91204

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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 8,620 sqft

Price per Sqft $742

MLS Listing ID 25-483003

Bedrooms 12

Year Built 1923

Lot Size 0.427 Acres

Acres 0.4269

Property Description

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.***

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR4YY

Rooms

Other Rooms None

Interior

Heating Electric

Cooling Electric

Equipment Washer, Dryer

Exterior

Parking Features Detached, Garage Is Detached

Garage Spaces 13.0

Building

Story 1

Level or Stories One

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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615 S Columbus Ave