615 S Columbus Avenue

Glendale, CA 91204

  • 12 Bed(s)
  • 0 Bath(s)
  • 8,620 Sqft
  • 18596
    Sqft(Lot)
$6,400,000

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.***

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48413370

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    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: 1923
    • Building Area Total: 8,620

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4269
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 18596

  • Listing Price Information

    • Original List Price: 6,400,000
    • Listing Contract Date: 2025-01-22

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5696014040

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 628 - Glendale-South of 134 Fwy
    • Directions: Pioneer Dr & N Columbus Ave
    • Zoning: GLR4YY
    • Source Property Type: Residential Income
    • Area: 628 - Glendale-South of 134 Fwy

    Building and Construction

    • Property Age: 102
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8620
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 02/01/2025 @ 12:53

  • MLS: 25483003
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 8,620 sqft, 18,596 sized lot, and 8 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 91204, this Los Angeles County Home are nearby neighborhoods.