$4,800,000

Estimated payment $30,903/month

Total Views 2,250
20 Beds
20 Baths
9,524 Sq Ft
$504 Price per Sq Ft

Highlights

  • Mountain View
  • No HOA
  • Walk-In Closet
  • Herbert Hoover High School Rated A-
  • Subterranean Parking
  • Living Room

About This Home

1207 N. Columbus Avenue—a meticulously maintained 10-unit apartment building located just north of Glenoaks Boulevard in one of Glendale’s most peaceful and tree-lined residential neighborhoods.

Constructed in 1989, the property offers a desirable unit mix of ten (10) spacious two-bedroom, two-bathroom units, totaling approximately 9,524 rentable square feet on an 8,585 square foot lot. Each unit is thoughtfully designed with central air and heat, private balconies, and fireplaces, providing comfortable and attractive living spaces for tenants.

The building has been professionally managed by long-term ownership and offers strong rental upside potential. Recent capital improvements include:

Two fully renovated units (105 and 203)

New HVAC system in Unit 203

Updated electrical panels compliant with current insurance requirements

Roof maintenance and hydro-jetting of plumbing lines in the garage

On-site laundry room with 2 washers and 2 dryers

Secure subterranean parking for 18 vehicles

Located within the high-performing Glendale Unified School District, the property is within walking distance of Herbert Hoover High School and Eleanor J. Toll Middle School, with Balboa Elementary just a short drive away. The neighborhood also benefits from nearby magnet and dual-language programs specializing in the arts, technology, and immersive education—making it a highly attractive location for families.

Listing Agent

Petros Gumrikyan

Pinnacle Estate Properties Brokerage Phone: 747-221-2675 License #02129119 Listed on: 07/07/2025

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 8,565 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 18 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • Apartment
  • Tar and Gravel Roof

Interior Spaces

  • 9,524 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room
  • Living Room Balcony
  • Utility Room
  • Laundry Room
  • Mountain Views

Bedrooms and Bathrooms

  • 20 Bedrooms
  • Walk-In Closet
  • 20 Bathrooms

Accessible Home Design

  • Accessibility Features

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 3131
  • Assessor Parcel Number 5633022019
  • $1,256 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,900
  • Gardener Expense $960
  • Insurance Expense $10,514
  • Trash Expense $6,493
  • Operating Expense $70,207
  • Gross Income $286,740
  • Net Operating Income $207,931

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

18

Listing Details

  • Price Per Unit: 480000
  • Property Attached: Yes
  • View: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5633022019
  • Year Built: 1989
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Living Room Balcony
  • Stories: 3
  • Entry Location: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Disability Features
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 503.99
  • Room Type: Family Room, Kitchen, Living Room, Utility Room, Walk-In Closet

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Tar/Gravel

Garage/Parking

  • Garage Spaces: 18.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 6493.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8565.00
  • Lot Size Acres: 0.1966

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 880 Square Feet
  • Electric Expense: 6900.00
  • Gross Income: 286740.00
  • Gross Scheduled Income: 286740.00
  • Insurance Expense: 10514.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 300.00
  • Lot Size Area: 8565.0000 Square Feet
  • Net Operating Income: 207931.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Dishwasher: 10
  • Number With Disposal: 10
  • Operating Expense: 70207.00
  • Rent Control: No
  • Total Actual Rent: 23595.00
  • Total Expenses: 70207.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 3012.03
  • Tax Lot: 19
  • Tax Tract Number: 3131
  • TaxOtherAnnualAssessmentAmount: 1256.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $4,800,000 0.0% $504 / Sq Ft
05/20/2025 05/20/25 Rented $2,900 0.0% --
05/20/2025 05/20/25 Under Contract -- -- --
05/20/2025 05/20/25 For Rent $2,900 0.0% --
11/04/2024 11/04/24 Sold $4,300,000 -2.3% $451 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $4,400,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25152016

California Regional Multiple Listing Service (CRMLS)