1244 Columbus Avenue, Glendale, CA 91202
  • MLS#: GD25005830 ( Commercial/Residential )
  • Street Address: 1244 Columbus Avenue
  • Viewed: 1
  • Price: $3,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91202
  • Provided by: Team Rock Properties
  • Contact: Jerry Jerry
  • California Regional MLS IDX
  • DMCA Notice
  • 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. Dont miss this excellent opportunity to invest in one of Glendales most sought after neighborhoods!
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Association Fee
  1. 0.00
Building Area Total
  1. 7424.00
Carport Spaces
  1. 12.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Fuel Expense
  1. 396.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2400.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 4300.00
Laundry Features
  1. Common Area
Laundry Income
  1. 600.00
Levels
  1. Two
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 159087.00
Newtaxesexpense
  1. 49938.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Number Wallac
  1. 12
Number With Range
  1. 12
Otherexpense
  1. 650.00
Otherexpensedescription
  1. fire
Parcel Number
  1. 5633013007
Parking Features
  1. Assigned
  2. Carport
Pool Features
  1. None
Postalcodeplus4
  1. 1631
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 429758150:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 18880.00
Totalexpenses
  1. 68073.00
Trash Expense
  1. 7185.00
Water Sewer Expense
  1. 6000.00
Water Source
  1. Public
Year Built
  1. 1953
Year Built Source
  1. Assessor
Zoning
  1. GLR4YY