615 S Columbus Avenue Glendale, CA 91204
12 bed / 13 bath / 8,620 Sq. Ft. / 18,596 Sq. Ft., 0.427 acres lot size / Other
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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 details
Type
Other
Status
Active
County
Los Angeles
Year Built
1923
Beds
12
Sq. Ft.
8,620
Lot Size
18,596 Sq. Ft., 0.4 acres
Listing Id
25483003
Courtesy Of
Douglas Steinriede - Dover Management Corp. +1 818 843 5200
List Office Phone
+1 818 843 5200
Interior Features
Appliances
Dryer
Washer
Washer
Living Area Units
Sq. Ft.
Bathrooms Total
13
Exterior Features
Parking
Garage
Stories
1
Parking Spaces
13
Utility & Building Info
Parcel Number
5696014040
Cooling
Electric
Heating
Electric Heating
Building Area Total
8,620 Sq. Ft.
Price Per Sq Ft
$742
Architectural Style
1 Story
 |
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
01/23/2025
01/23/2025
|
Active |
$6,400,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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