12 bedroom house for sale
Glendale CA 91204
- Property Type
- House
- Price
- $6,400,000
- Beds
- 12
- Baths
- 13
Overview
California Court Bungalows, located at 615 S. Columbus Avenue, is a tastefully restored 13-unit California bungalow courtyard style asset located five blocks from the Glendale Americana. Current ownership has spent over $700, 000 on capital improvements including new electric, plumbing and exterior work. The property is comprised of (12) 1 BD/1 BA units and (1) studio. All of the spacious units have been thoughtfully renovated to capitalize on the areas strong tenant base. Current ownership has implemented a RUBS program across all units to improve operational efficiencies, allowing new ownership to operate the asset at a sub 30% expense ratio. Eight existing garages and (5) surface spaces provide current income, and also have the potential to be converted into three (3) ADUs for additional rental revenue of approximately $34, 605. Based on estimates, a new owner can achieve a return on cost of nearly 270% by raising rents to market and completing additional investment into the ADU construction. 615 S. Columbus Avenue offers a fully assumable loan at 5.18% with 5 years of fixed financing and 2 years of interest only payments remaining.
Details
- Beds: 12
- Baths: 13
- Price: $6,400,000
- Reference No.: 69072555
- Area: 8,620 sqft
Location
Glendale CA 91204
12 bedroom house for saleRelated Properties
Disclaimer
2024-03-08, Viewed 19 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-08, Viewed 19 times.
Search more listings
- Top 20 2 bedroom apartment for rent west chester pa fireplace
- Top 50 1 bedroom apartment for rent the woodlands tx air conditioning
- Top 10 3 bedroom house for rent brownsville tx shopping
- Top 10 3 bedroom house for sale laughlin nv pool
- Top 10 1 bedroom apartment for rent bear de furnished
- Top 20 2 bedroom apartment for rent springfield va elevator
- Top 20 3 bedroom house for sale colorado springs co dishwasher
- Top 10 3 bedroom house for sale boca raton fl gourmet kitchen
- Top 10 3 bedroom house for sale north myrtle beach sc laundry
- Top 10 3 bedroom house for sale winter park fl fireplace
- Top 50 1 bedroom apartment for rent glendale az public transportation
- Top 10 3 bedroom apartment for rent garner nc parking