California Court, located at 615 S. Columbus Avenue, is a beautifully restored 13-unit California bungalow-style
courtyard property sits just five blocks from the Glendale Americana. The current owner has invested over $900,000
in capital improvements, including upgrades to electrical systems, plumbing, and exterior enhancements.
The property comprises twelve (12) one-bedroom/one-bathroom units and one (1) studio, all meticulously renovated to meet strong tenant demand in the area. A RUBS (Ratio Utility Billing System) program has been implemented across all units, optimizing operational efficiency and maintaining a sub-30% expense ratio for future ownership.
Additional income is generated through eight garages and five surface parking spaces, which also offer the potential for conversion into three (3) ADUs—projected to bring in approximately $34,605 in additional annual rental revenue. With strategic investment in ADU construction and market rent adjustments, a new owner could achieve an exceptional return on cost of nearly 270%.