Glendale Court Bungalows, Situated at 615 S. Columbus Avenue, this beautifully restored 13-unit California bungalow-style courtyard property is located just five blocks from the Glendale Americana. The current owner has invested over $700,000 in capital improvements, including upgrades to electrical systems, plumbing, and exterior features. The property consists of (12) 1-bedroom/1-bathroom units and (1) studio, all of which have been meticulously renovated to appeal to the area’s strong tenant demand. A RUBS (Ratio Utility Billing System) program has been implemented across all units, enhancing operational efficiency and enabling a sub-30% expense ratio for future ownership. The property features eight garages and five surface parking spaces, generating current income. These spaces also present an opportunity for conversion into three (3) ADUs, which could generate approximately $34,605 in additional annual rental revenue. With further investment in ADU construction and market rent adjustments, a new owner could achieve an impressive return on cost of nearly 270%. ***Assumable financing available at 5.18% with 5 years of fixed financing including 2 years of interest only payments remaining.***