615 S Columbus Avenue, Glendale, CA 91204
Local realty services provided by:ERA Excel Realty
615 S Columbus Avenue,Glendale, CA 91204
$6,400,000
- 12 Beds
- 13 Baths
- 8,620 sq. ft.
- Multi-family
- Active
Listed by:douglas steinriede
Office:dover management corp.
MLS#:25483003
Source:CRMLS
Price summary
- Price:$6,400,000
- Price per sq. ft.:$742.46
About this home
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.***
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Home facts
- Year built:1923
- Listing ID #:25483003
- Added:752 day(s) ago
- Updated:September 26, 2025 at 10:46 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:13
- Living area:8,620 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Year built:1923
- Building area:8,620 sq. ft.
- Lot area:0.43 Acres
Finances and disclosures
- Price:$6,400,000
- Price per sq. ft.:$742.46
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