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1244 N Columbus Ave
For Sale $3,995,000
$3,995,000
- 12 Units
- Unknown Sq Ft
- 14,691 Sq Ft
- Unknown Cap Rate
Description
Unique opportunity to own a premier 12-unit investment property in the heart of Glendale! Located in the highly desirable 91202 zip code of Northwest Glendale, this property is positioned north of Glenoaks Boulevard and within walking distance of local markets, coffee shops, and other amenities.
The property boasts a generous 7,424 square feet of living space and is situated on a large 14,691 square foot lot.
This well-maintained property features 10 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Each unit has been updated and meticulously cared for by an experienced owner/manager, ensuring minimal upkeep for the future investor. The property includes 12 covered parking spaces with storage and a convenient community laundry room.
Notable recent upgrades include full copper plumbing, a new asphalt driveway, four accessible sewer clean-outs, and a newer roof installed in 2017. These improvements enhance the property's value and provide peace of mind for prospective buyers.
With rents currently below market rates, this investment offers significant upside potential. Whether you're an experienced investor or new to income properties, this opportunity provides numerous advantages, from stable cash flow to potential for rent increases in the future.
Don’t miss this excellent opportunity to invest in one of Glendale’s most sought-after neighborhoods!
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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 | $3,995,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1953 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5633013007 |
| MLS # | GD25005830 |
| Property ID | 292813171 |
| Lot Sqft | 14,691 |
| Zoning | GLR4YY |
| Total Units | 12 |
| Days on Market | 46 |
| Original List Price | $3,995,000 |
| Date Updated | January 13, 2025 |
| Date Created | January 13, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $18,880 | $0 |
| Net Income (Yr) | $ 159,087 |
| Cap Rate | 4% |
Listing Provided By
Jerry Armen an agent of . Lic #01269617
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 13, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT