107 N Columbus Avenue, Glendale, CA 91203

• 10 beds |
• 13 baths |
• 7,796 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***

Listing Status:

Active

Date Added:

January 22, 2025

Data Last Updated:

February 15, 2026 at 7:16AM

Listing Office:

Dover Management Corp. : 818-843-5200

Listing Agent:

Douglas Steinriede : 818-843-5200

MLS ID:

25482897

Interior

• Appliances: DryerWasher
• A/C: Electric
• Heating: Electric

Exterior

• Parking: Parking spaces: 10

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: GLC3*5637015023

Financial

• Source: CRMLS_CL