107 North Columbus Avenue

Glendale, CA 91204

$7,100,000
Price
10
Beds
13
Baths
7,796 Sq. Ft.
$911 / Sq. Ft.
7,796
Sq. Ft.
$911
per Sq. Ft.

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...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
  1. Listed by Douglas Steinriede • DRE #00284936 • Brokerage DRE #00284936 • Dover Management Corp.

Property Details for 107 North Columbus Avenue

Zoning
GLC3*
Parcel Number
5637015023
Total Units
13.0
Living Area
7796
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
0
Lot Size Area
9452
LISTING UPDATED: 01/30/2025 12:01 AM

Property Details for 107 North Columbus Avenue

StatusActive
MLS #25-482897
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.22 AC / 9,452 SF
CountyLos Angeles County

Building Information for 107 North Columbus Avenue

Stories2Residences-Year Built1925Building Size-Lot Size0.22 AC / 9,452 SF

Property Information for 107 North Columbus Avenue

Community / Development
Community / Development
  • Number Of Units: 13
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: 13
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $489,207
  • Net Operating Income: $360,365.00
  • Gross Income: $489,207
  • Gross Rent Multiplier: $14.08
  • Total Annual Expense: 360365
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.217
  • Lot Size Square Feet: 9452
Parking Details
Parking Details
  • Parking Garage: Attached, Garage Is Attached
  • Total Parking: 10
  • Garage Spaces Total: 10
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Electric
  • Cooling Type: Electric
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-22-2025
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,095.00
  • Unit Actual Rent: $8,190.00
  • Unit Projected Rent: $4,095.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,178.00
  • Unit Actual Rent: $19,070.00
  • Unit Projected Rent: $3,328.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,151.00
  • Unit Actual Rent: $10,755.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,723,256.00
  • Assessed Improvement Percent: 60.24
  • Assessed Land Value: $1,137,389.00
  • Assessed Land Percent: 39.76
  • Assessed Total Value: $2,860,645.00

Property History for 107 North Columbus Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 107 North Columbus Avenue

Taxable ValueLand$1,137,389Additions$1,724,176Total$2,861,565
Tax Record2024$32,227 ($2,686 / month)
Home Facts
Total Finished SqFt7,796 SqFtAbove Grade Finished SqFt7,796 SqFtLot Size9,449 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningGLC3*CountyLOS ANGELESAPN5637-015-023

Schools near 107 North Columbus Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Columbus Elementary School
PublicK to 5

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Thomas Edison Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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107 North Columbus Avenue is a multi-family home for sale in Glendale, CA 91204. This property was listed for sale on January 22, 2025 by Dover Management Corp., it's currently listed at $7,100,000. This listing's school district is Glendale Unified School District. Nearby schools include Columbus Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 107 North Columbus Avenue is a 10-bed, 13-bath, 7,796 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dover Management Corp., Douglas Steinriede, DRE #00284936

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.