615 S Columbus Avenue, Glendale, CA 91204

• 12 beds |
• 13 baths |
• 8,620 sqft

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.***

Listing Status:

Active

Date Added:

January 22, 2025

Data Last Updated:

April 1, 2026 at 8:17PM

Listing Office:

Dover Management Corp. : 818-843-5200

Listing Agent:

Douglas Steinriede : 818-843-5200

MLS ID:

25483003

Interior

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

Exterior

• Parking: Parking spaces: 13

Construction

• General: 1

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: GLR4YY5696014040

Financial

• Source: CRMLS_CL