$7,100,000

107 N Columbus Avenue, Glendale, CA 91203

  • 10 beds |
  • 13 baths |
  • 7,796 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon9,453sqft lot
  • Property Parking Icon 10 car garage
  • Property Price Per Square Feet Icon $911/sqft
  • Property List Date Icon Listed 1 year ago

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***

Listing Status:
Active
Date Added:
January 22, 2025
Data Last Updated:
May 20, 2026 at 7:16AM
Listing Office:
Dover Management Corp. : 818-843-5200
Listing Agent:
Douglas Steinriede : 818-843-5200
MLS ID:
25482897
  • Appliances: DryerWasher
  • A/C: Electric
  • Heating: Electric
  • Parking: Parking spaces: 10
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: GLC3*5637015023
  • Source: CRMLS_CL

This listing courtesy of Douglas Steinriede , Dover Management Corp.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location