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.***
For sale
$6,400,000
615 S Columbus Ave, Glendale, CA 91204
12beds
13baths
8,620sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$742/sqft
$-- HOA
What's special
- 199 days
- on Zillow |
- 110 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 29, 2025 at 03:21am
Listed by:
Douglas Steinriede DRE # 00284936 818-843-5200,
Dover Management Corp. 818-843-5200
Source: CLAW,MLS#: 25-483003

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 13
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Washer, Dryer
Interior area
- Total structure area: 8,620
- Total interior livable area: 8,620 sqft
Property
Parking
- Total spaces: 13
- Parking features: Detached, Garage Is Detached
- Garage spaces: 8
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.43 Acres
Details
- Additional structures: None
- Parcel number: 5696014040
- Zoning: GLR4YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & HOA
Location
- Region: Glendale
Financial & listing details
- Price per square foot: $742/sqft
- Tax assessed value: $2,884,433
- Annual tax amount: $32,894
- Date on market: 1/23/2025
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