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Sold on 05/30/2025
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1244 N Columbus Ave, Glendale, CA 91202

$3,650,000

Last sold 05/30/2025 after 137 Days

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    bed

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    bath

Multi-family not for sale

About 1244 N Columbus Ave

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 0.34 Acre
Rental estimate
Property description
**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!
Listed by
Listing Agent - Jerry Armen
Listing Agent Contact: Jerry@teamrockproperties.com
Listing Office - Team Rock Properties
Source: CRMLS mls logo
MLS#GD25005830 • last updated 1 year ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.3373
Lot Size (SqFt) 14691
Year Built 1953
Condition Turnkey, Updated/Remodeled
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 7424
Parking Assigned, Carport
# Carport Spaces 12
# Parking Spaces 12
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Park, Street Lights, Suburban
Zoning GLR4YY
Directions Cross Street : W Loraine Street
APN 5633013007
Multifamily Details
Expense: Trash 7185
Laundry Income 600
Operating Expense 68073
Cap Rate 4
Expense: Insurance 4300
Total Expenses 68073
Expense: Water/ Sewer 6000
Gross Income 227160
Gross Multiplier 17.5
Gross Scheduled Income 227160
Expense: Fuel 396
Expense: Gardener 2400
Rental est.: $1,702/month
Gross rent multiplier: 178.7
  • May 2025
    mls logo MLS # GD25005830
  • May 30, 2025 Sold
    $3,650,000
  • May 23, 2025 Pending
    —
  • Mar 14, 2025 Price Change
    $3,795,000 (-5.0%)
  • Jan 13, 2025 Listed
    $3,995,000 (+228.8%)
  • May 2025
    Public Records
  • May 30, 2025 Sold
    $3,650,000 (-3.8%)
  • Oct 2002
    Public Records
  • Oct 17, 2002 Sold
    $1,215,000
  • Year Property taxes Tax assessment
  • 2024
    $20,031 +2.2%
    $1,725,207
  • 2023
    $19,595 +1.7%
    $1,725,207 +2.0%
  • 2022
    $19,267 +1.8%
    $1,691,380 +4.04%
  • 2021
    $18,919 +1.4%
    $1,625,704 +1.04%
  • 2020
    $18,657
    $1,609,036
  • 1244 N Columbus Ave
    $3.65M
  • Verdugo Viejo
    $837K -5% y/y
  • 91202
    $1.12M +12% y/y
  • Glendale
    $1.12M +2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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