Artur Israyelyan, Listing Office: Beverly and Company, Inc.
107 N Columbus Ave Glendale, CA 91203
Property details
About 107 N Columbus Ave
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***
Highlights
Summary
- MLS Number: 25482897
- MLS Name: CRMLS
- Office Name: Dover Management Corp.
- Office Phone: (818) 843-5200
- Listing Agent: Douglas Steinriede
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
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Last updated on: 1/23/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$7,100,000
107 N Columbus Ave
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Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 17, 2018 | Home Sold | $3,300,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2021 | $2,696,573 | $30,425 |
2020 | $2,668,014 | $29,106 |
2019 | $2,600,000 | $2,422 |
2018 | $135,912 | $2,350 |
2017 | $133,248 | $2,350 |
History based on county public records data.
Nearby schools
5
Columbus Elementary School
Public District PK-5
0.4 mi
•425 Milford St
6
Thomas Edison Elementary School
Public District KG-6
0.5 mi
•435 S Pacific Ave
6
R. D. White Elementary School
Public District KG-5
1.0 mi
•744 E Doran St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,986. Most Glendale, CA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 107 N Columbus Ave
This home is located at 107 N Columbus Ave in Glendale, CA and zip code 91204 in the Vineyard neighborhood. This 7,796 square foot home, which was built in 1925, sits on a 0.22 acre lot. Features: 10 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since January 23, 2025 and is currently priced at $7,100,000.
In December 2024, from all listings sold in Glendale, CA there were more than 26 sold above asking price, over 20 sold below and more than 5 were sold right at the asked price. Between November and December 2024, Glendale, CA real estate market has seen decrease in the number of listings by 22.7%. In December 2024 median list price was $1,155,000 and the average listing age was 33 days.