1244 N Columbus Ave Glendale, CA 91202
Verdugo Viejo Neighborhood
12
Beds
10
Baths
7,424
Sq Ft
0.34
Acres
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Herbert Hoover High School Rated A-
- Park
- Turnkey
About This Home
As of May 2025**As of JUNE 1st Rents have been INCREASED**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!
Last Agent to Sell the Property
Team Rock Properties Brokerage Email: jerry@teamrockproperties.com License #01269617 Listed on: 01/13/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953 | Remodeled
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Turnkey
Interior Spaces
- 7,424 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Parking
- 12 Parking Spaces
- 12 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 29
- Tax Tract Number 3131
- Assessor Parcel Number 5633013007
- $1,300 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Fuel Expense $396
- Gardener Expense $2,400
- Insurance Expense $4,300
- Other Expense $650
- Trash Expense $7,185
- Water Sewer Expense $6,000
- New Taxes Expense $49,938
- Operating Expense $68,073
- Gross Income $227,160
- Net Operating Income $159,087
Similar Home in Glendale, CA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $3,650,000 | -3.8% | $492 / Sq Ft |
| 04/18/2025 04/18/25 | Pending | -- | -- | -- |
| 03/14/2025 03/14/25 | Price Changed | $3,795,000 | -5.0% | $511 / Sq Ft |
| 01/13/2025 01/13/25 | For Sale | $3,995,000 | -- | $538 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jerry Armen
Seller's Agent in 2025
Jerry Armen
Team Rock Properties
(818) 241-1100
4 in this area
182 Total Sales
-
Brad Korb
Buyer's Agent in 2025
Brad Korb
The Brad Korb Real Estate Grou
(818) 859-0310
1 in this area
360 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25005830
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