615 S Columbus Avenue
Glendale, CA 91204
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1923 build
- – on site
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.***
Last checked:
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Last updated Jan 23, 2025
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MLS# 25483003 —
The Building
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Year Built:1923
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New Construction:No
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Building Area Total:8620.00
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Total Number Of Units:13
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# of Buildings:6
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Stories Total:1
Interior
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Levels:One
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:Pioneer Dr & N Columbus Ave
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Latitude:34.13813200
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Longitude:-118.26126500
The Property
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Property Type:Residential Income
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Zoning:GLR4YY
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Lot Size Area:18596.0000
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Lot Size Acres:0.4269
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Lot Size SqFt:18596.00
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:5696014040
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:13.00
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Garage Spaces:8.00
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/22/25
Jan 22, 2025
|
Listed / Active | CRMLS_CA | $6,400,000 | 161.4% (16.8% / YR) |
|
8/12/23
Aug 12, 2023
|
Sold | CRMLS_CA | ||
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6/19/15
Jun 19, 2015
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CRMLS_CA | $2,448,000 |
