Homes for sale - 107 N Columbus Ave, Glendale, CA 91203

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Max Lee

[email protected] +1(213) 434-2433

$ 7,100,000

Est. payment | -/mo

10 Beds

13 Baths

7,796 SqFt

Save

$ 7,100,000

Est. payment | -/mo

Save

10 Beds

13 Baths

7,796 SqFt

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 Sub-Type Multi-Family

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

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Listed by Dover Management Corp.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 434-2433

[email protected]

California, 91214-1304, USA

107 N Columbus Ave Glendale, CA 91203