$4,695,000
$105K PRICE DROP

Estimated payment $29,881/month

Total Views 12,721
20 Beds
20 Baths
9,524 Sq Ft
$493 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

Huge price drop!!!
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
  • Entry on the 2nd floor
  • 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
  • Mountain Views

Bedrooms and Bathrooms

  • 20 Bedrooms
  • Walk-In Closet
  • 20 Full 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

8,565 Sq Ft Lot

Parking

18

Listing Details

  • CapRate: 4.43
  • 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
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Disability Features
  • Full Bathrooms: 20
  • Total Bedrooms: 20
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 492.97
  • Room Type: Walk-In Closet, Utility Room, Kitchen, Living Room, Family Room

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: Electricity Connected, Electricity Available, Sewer Available, Water Connected, Cable Connected, Cable Available, Water Available, Natural Gas Connected, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Common Area
  • 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: Gas, Electricity

Multi Family

  • Average2 Bed Area: 880 Square Feet
  • Electric Expense: 6900.00
  • Gross Income: 286740.00
  • Gross Multiplier: 16.88
  • 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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $47,713 $4,386,000 $2,142,000 $2,244,000
2025 $47,713 $4,300,000 $2,100,000 $2,200,000
2024 $29,595 $2,610,122 $1,130,060 $1,480,062
2023 $28,935 $2,558,944 $1,107,902 $1,451,042
2022 $28,443 $2,508,770 $1,086,179 $1,422,591
2021 $27,930 $2,459,580 $1,064,882 $1,394,698
2019 $26,878 $2,386,630 $1,033,298 $1,353,332
2018 $26,454 $2,339,835 $1,013,038 $1,326,797
2016 $25,168 $2,248,978 $973,701 $1,275,277
2015 $24,663 $2,215,198 $959,076 $1,256,122
2014 $24,489 $2,171,807 $940,290 $1,231,517
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/04/2026 09/04/26 For Sale $4,695,000 0.0% $493 / Sq Ft
08/04/2026 08/04/26 Off Market $4,695,000 -- --
08/04/2026 08/04/26 For Sale $4,695,000 0.0% $493 / Sq Ft
07/20/2026 07/20/26 Sold $4,695,000 0.0% $493 / Sq Ft
05/05/2026 05/05/26 Pending -- -- --
05/05/2026 05/05/26 Off Market $4,695,000 -- --
10/11/2025 10/11/25 Price Changed $4,695,000 -2.2% $493 / Sq Ft
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 View Prior Sale
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)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $4,300,000 Lawyers Title
Interfamily Deed Transfer -- Fidelity Sherman Oaks
Quit Claim Deed -- None Available
Grant Deed $150,000 Accommodation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,895,000 New Conventional
Previous Owner $800,000 Commercial
Previous Owner $910,000 Commercial
Previous Owner $1,000,000 Commercial
Previous Owner $1,000,000 Seller Take Back
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25152016

California Regional Multiple Listing Service (CRMLS)
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