USACAGlendale615 S Columbus Ave
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615 S Columbus Ave, Glendale, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$6,400,000

121313

MLS® 25483003

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 8620 sqft
Garage Yes
HOA Fees 
Taxes 
Days Active 425
Approx. Age 1923
Avg. Price Per Sqft $742
MLS® Number 25483003

Property Address: 615 S Columbus Ave, Glendale, CA, 91204-5010

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

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.***
MLS® Number25483003
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1923
Stories1
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
$6,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
615 S Columbus Ave, Glendale, CA

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