107 N Columbus Avenue

Glendale, CA 91203

  • 10 Bed(s)
  • 0 Bath(s)
  • 7,796 Sqft
  • 9452
    Sqft(Lot)
$7,100,000

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***

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48413329

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Property Details

  • Bedroom Information

    • Total Bedrooms : 10

    Bathroom Information

    • Total Baths: 13
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dryer,Washer

    Cooling Features

    • Electric
    • Air Conditioning

    Heating Source

    • Electric
    • Has Heating

  • Building Information

    • Year Built: 1925
    • Building Area Total: 7,796

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.217
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 9452

  • Listing Price Information

    • Original List Price: 7,100,000
    • Listing Contract Date: 2025-01-22

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5637015023

  • Garage and Parking

    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 628 - Glendale-South of 134 Fwy
    • Postal Code Plus 4: 2504
    • Directions: On the west side of N. Columbus Avenue, just north of W. Wilson Avenue.
    • Zoning: GLC3*
    • Source Property Type: Residential Income
    • Area: 628 - Glendale-South of 134 Fwy

    Building and Construction

    • Property Age: 100
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7796
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 02/01/2025 @ 13:01

  • MLS: 25482897
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 7,796 sqft, 9,452 sized lot, and 10 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Glendale , in zip code 91203, this Los Angeles County Home are nearby neighborhoods.