107 N Columbus Avenue
Glendale, CA 91203
- – beds
- – baths
- – sqft
- 9,452 sqft lot
- 1925 build
- – on site
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***
Last checked:
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Last updated Jan 23, 2025
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MLS# 25482897 —
The Building
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Year Built:1925
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New Construction:No
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Building Area Total:7796.00
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Total Number Of Units:13
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# of Buildings:3
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Stories Total:2
Interior
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Levels:Multi/Split
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:On the west side of N. Columbus Avenue, just north of W. Wilson Avenue.
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Latitude:34.14727700
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Longitude:-118.26160900
The Property
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Property Type:Residential Income
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Zoning:GLC3*
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Lot Size Area:9452.0000
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Lot Size Acres:0.2170
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Lot Size SqFt:9452.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5637015023
Heating & Cooling
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Heating:1
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Heating:Electric
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Cooling:Yes
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Cooling:Electric
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking Spaces:10.00
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Garage Spaces:10.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/22/25
Jan 22, 2025
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Listed / Active | CRMLS_CA | $7,100,000 | |
|
9/11/23
Sep 11, 2023
|
Listed / Active | CRMLS_CA |
