Glendale, CA 91204,615 S Columbus AVE
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Glendale, CA 91204,615 S Columbus AVE
Glendale, CA 91204,615 S Columbus AVE
Glendale, CA 91204,615 S Columbus AVE
Glendale, CA 91204,615 S Columbus AVE
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Sam And Eliza Othman

Sam And Eliza Othman

+1(951) 333-5100
$ 6,400,000
Est. payment /mo
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Active

615 S Columbus AVE Glendale, CA 91204

12 Beds

13 Baths

8,620 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,620 sqft

Price per Sqft $742

MLS Listing ID 25483003

Bedrooms 12

HOA Y/N No

Year Built 1923

Lot Size 0.427 Acres

Property Description

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.***

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4YY

Interior

Heating Electric

Cooling Electric

Fireplace No

Appliance Dryer, Washer

Exterior

Garage Spaces 8.0

Garage Description 8.0

Total Parking Spaces 13

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5696014040

Special Listing Condition Standard

CRMLS – RECore
Listed by Douglas Steinriede Dover Management Corp.
Nearby Locations
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Ivanhoe Elementary

    Public | KG - 5

  • 9

    Horace Mann Elementary School

    Public | PK - 5

  • 9

    R. D. White Elementary School

    Public | KG - 5

  • 9

    Delevan Drive Elementary

    Public | KG - 6

  • 8

    Joaquin Miller Elementary School

    Public | KG - 5

  • 8

    Los Feliz STEMM Magnet School

    Public | KG - 6

  • 8

    Balboa Elementary School

    Public | KG - 6

  • 8

    Franklin Avenue Elementary

    Public | KG - 5

  • 8

    Mark Keppel Elementary School

    Public | KG - 5

  • 8

    Allesandro Elementary School

    Public | PK - 5

  • 7

    Benjamin Franklin Elementary School

    Public | KG - 6

  • 7

    Celerity Octavia Charter

    Public | KG - 8

  • 7

    John Marshall Elementary School

    Public | KG - 5

  • 7

    Verdugo Woodlands Elementary School

    Public | KG - 6

  • 7

    Mt. Washington Elementary School

    Public | KG - 6

  • 6

    Thomas Jefferson Elementary School

    Public | PK - 6

  • 6

    John Muir Elementary School

    Public | KG - 6

  • 6

    Glenoaks Elementary School

    Public | KG - 6

  • 5

    Thomas Edison Elementary School

    Public | KG - 6

  • 5

    Columbus Elementary School

    Public | PK - 5

Middle Schools 9
  • 8

    Woodrow Wilson Middle School

    Public | 6 - 8

  • 7

    Eleanor J. Toll Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 6

    Theodore Roosevelt Middle School

    Public | 6 - 8

  • 6

    Irving STEAM Magnet

    Public | 6 - 8

  • 5

    Puc Santa Rosa Charter Academy

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 0

    Burbank Unified School District Community Day

    Public | 7 - 12

  • 0

    Jewel City Community Day

    Public | 7 - 10

High Schools 12
  • 8

    John Marshall High School

    Public | 9 - 12

  • 8

    Alliance Environmental Science and Technology High School

    Public | 9 - 12

  • 7

    Herbert Hoover High School

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Glendale High School

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

  • 3

    School of History and Dramatic Arts at Sonia Sotomayor Learning Complex

    Public | 9 - 12

  • 0

    Canyon Oaks School

    Private | 10 - 12

  • 0

    Holy Family High School College Preparatory

    Private | 9 - 12

  • 0

    Daily (Allan F.) High (Continuation)

    Public | 9 - 12

  • 0

    Artlab at Sonia Sotomayor Learning Academics

    Public | 9 - 12

School and business data provided by Attom Data.
Sam And Eliza Othman

Sam And Eliza Othman

Broker Associate | License ID: 00928035 - 00961200

+1(951) 333-5100

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615 S Columbus AVE