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Listed price in listed location currency (USD).
$7,100,000

101310

MLS® 25482897

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 7796 sqft
Garage Yes
HOA Fees 
Taxes 
Days Active 425
Approx. Age 1925
Avg. Price Per Sqft $910
MLS® Number 25482897

Property Address: 107 N Columbus Ave, Glendale, CA, 91203-2504

Average square foot calculated using Size range provided by listing agent.

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***
MLS® Number25482897
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1925
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 22, 2025List Date
$7,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
107 N Columbus Ave, Glendale, CA

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