107 N Columbus Avenue, Glendale, CA 91203
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107 N Columbus Avenue,Glendale, CA 91203
$7,100,000
- 10 Beds
- 13 Baths
- 7,796 sq. ft.
- Multi-family
- Active
Listed by:douglas steinriede
Office:dover management corp.
MLS#:25482897
Source:CRMLS
Price summary
- Price:$7,100,000
- Price per sq. ft.:$910.72
About this home
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***
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Home facts
- Year built:1925
- Listing Id #:25482897
- Added:711 day(s) ago
- Updated:August 23, 2025 at 01:13 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:13
- Living area:7,796 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Year built:1925
- Building area:7,796 sq. ft.
- Lot area:0.22 Acres
Finances and disclosures
- Price:$7,100,000
- Price per sq. ft.:$910.72
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