1244 N Columbus Ave - Apartments FOR SALE


Glendale, CA 91202
$3,995,000 USD
818-241-1100
1244 N Columbus Ave, Glendale, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/48
null | 4% Cap Rate

1244 N Columbus Ave
Glendale, CA 91202


HIGHLIGHTS

  • Location
  • Well maintained by experienced owner/manager
  • 12 Covered parking spots plus storage
  • On site laundry facilities

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$538 USD /SF

# OF UNITS

12

PRICE/UNIT

$332,917

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,697 SF

ZONING

R4, Glendale

APN/PARCEL ID

5633-013-007

ASK ABOUT THIS PROPERTY

Jerry ArmenTeam Rock PropertiesMore Info
818-241-1100

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Jerry ArmenTeam Rock PropertiesMore Info
818-241-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.