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For sale
  • $6,400,000

    615 S Columbus Ave, Glendale, CA 91204

    12beds
    13baths
    8,620sqft
    : 
    Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $742/sqft
    $-- HOA

    What's special

    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.***
    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#: 25-483003MLS Logo
    Travel times

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    Next available tour time:Today at 1:30pm

    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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