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1151 N Columbus Ave
For Sale $1,699,000 ($496.49 per Sq Ft)
$1,699,000 ($496.49 per Sq Ft)
- 5 Units
- 3,422 Sq Ft
- 8,550 Sq Ft
- Unknown Cap Rate
Description
This exceptional 5-unit multifamily property in Glendale offers investors a rare opportunity to acquire a truly turn-key asset where the most costly and complex renovations have already been completed. All major capital improvements have been addressed, including upgraded plumbing from each unit all the way to the city street connection, newer roofing, fascia boards, exterior paint, and fully repaved asphalt. These significant improvements substantially reduce future capital expenditure and operational risk. The property consists of a front house and four one-bedroom units at the rear. The rear units have been fully upgraded with new windows, flooring, updated electrical and lighting, remodeled bathrooms, new stoves, refrigerators, water heaters, and brand-new in-wall air conditioning units. A shared laundry room with brand-new machines services the rear units. The front house has also been updated with new flooring, upgraded electrical and lighting, remodeled bathrooms, new kitchen appliances, and in-unit laundry. A rare Glendale offering where the heavy lifting has been done, making this an ideal acquisition for investors seeking stable income, minimal deferred maintenance, and long-term upside.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,699,000 |
| Property Type | Multi-Family |
| Usable Sqft | 3,422 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1956 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5636001034 |
| MLS # | 26642289 |
| Property ID | 292811422 |
| Lot Sqft | 8,550 |
| Zoning | GLR4YY |
| Total Units | 5 |
| Days on Market | 20 |
| Original List Price | $1,699,000 |
| Date Updated | January 27, 2026 |
| Date Created | January 11, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.00 | $2,800 | $3,700 |
| Unit #2 | 1 | 1.00 | $1,900 | $1,900 |
| Unit #3 | 1 | 1.00 | $5,400 | $1,900 |
| Gross Income (Yr) | $ 121,200 |
| Operating Expenses | $ 4,500 |
| Net Income (Yr) | $ 116,700 |
Listing Provided By
Alexander Karaguzian an agent of . Lic #02108329
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Robert Crawford
REAL ESTATE AGENT