CA > Glendale
Glendale, CA 91203,107 N Columbus AVE
Glendale, CA 91203,107 N Columbus AVE
Glendale, CA 91203,107 N Columbus AVE
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$7,100,000
Est. payment /mo
10 Beds
13 Baths
7,796 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,796 sqft

Price per Sqft $910

MLS Listing ID 25482897

Bedrooms 10

HOA Y/N No

Year Built 1925

Lot Size 9,452 Sqft

Property Description

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***

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLC3*

Interior

Heating Electric

Cooling Electric

Fireplace No

Appliance Dryer, Washer

Exterior

Garage Spaces 10.0

Garage Description 10.0

Total Parking Spaces 10

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5637015023

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Douglas Steinriede Dover Management Corp.
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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