1320 N Columbus Ave - Apartments FOR SALE


Glendale, CA 91202- Verdugo Viejo
$4,800,000 USD
310-428-7580
1320 N Columbus Ave, Glendale, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/4
null | 5.16% Cap Rate

1320 N Columbus Ave
Glendale, CA 91202
Verdugo Viejo


HIGHLIGHTS

  • First Time on Market in over 50 Years
  • Value Add Opportunity
  • Newer Roof, Water Heater, and Sewer Line

OVERVIEW

We are proud to present Columbus Avenue Apartments at 1320 N Columbus Avenue, located in the Verdugo Viejo neighborhood of Glendale. The 1961 constructed property is comprised of spacious two x 1 bedroom/1 bath, one x 2 bedroom/1.5 bath townhome and ten x 2 bedroom/1.75 bath apartments. The property has ±14,326 rentable square feet situated on a ±14,698 SF parcel. Ownership has always meticulously maintained the property. Major capital expenditures over the last five years include a new roof, new water heater, and new sewer and secondary drain lines. Units have been upgraded and remodeled when turned over. The property has a central water heater, owned on-site laundry, and ample storage space. Second floor units have balconies, and first floor units have private patios. The townhome unit has its own spacious private yard. There are 24 tandem parking and 1 single parking space. The property is majority copper plumbed. The property is subject to AB 1482 and city of Glendale Rental Rights Program. Please do not walk property, tenants not aware of sale. Contact listing agent for more info.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

13

PRICE/UNIT

$369,231

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,693 SF

ZONING

GLR4YY

APN/PARCEL ID

5633-013-011

ASK ABOUT THIS PROPERTY

Robert LeveenLee & AssociatesMore Info
310-428-7580

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Robert LeveenLee & AssociatesMore Info
310-428-7580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.