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1207 N Columbus Ave 10 Unit Apartment Building $6,491,028 CAD ($649,103 CAD/Unit) 6.07% Cap Rate Glendale, CA 91202
INVESTMENT HIGHLIGHTS
- Pride of ownership
- close to all major shopping centers and restaurants
- In one of the most desirable locations in Glendale
EXECUTIVE SUMMARY
Huge price drop!!!
1207 N. Columbus Avenue—a meticulously maintained 10-unit apartment building located just north of Glenoaks Boulevard in one of Glendale’s most peaceful and tree-lined residential neighborhoods.
Constructed in 1989, the property offers a desirable unit mix of ten (10) spacious two-bedroom, two-bathroom units, totaling approximately 9,524 rentable square feet on an 8,585 square foot lot. Each unit is thoughtfully designed with central air and heat, private balconies, and fireplaces, providing comfortable and attractive living spaces for tenants.
The building has been professionally managed by long-term ownership and offers strong rental upside potential. Recent capital improvements include:
Two fully renovated units (105 and 203)
New HVAC system in Unit 203
Updated electrical panels compliant with current insurance requirements
Roof maintenance and hydro-jetting of plumbing lines in the garage
On-site laundry room with 2 washers and 2 dryers
Secure subterranean parking for 18 vehicles
Located within the high-performing Glendale Unified School District, the property is within walking distance of Herbert Hoover High School and Eleanor J. Toll Middle School, with Balboa Elementary just a short drive away. The neighborhood also benefits from nearby magnet and dual-language programs specializing in the arts, technology, and immersive education—making it a highly attractive location for families.
1207 N. Columbus Avenue—a meticulously maintained 10-unit apartment building located just north of Glenoaks Boulevard in one of Glendale’s most peaceful and tree-lined residential neighborhoods.
Constructed in 1989, the property offers a desirable unit mix of ten (10) spacious two-bedroom, two-bathroom units, totaling approximately 9,524 rentable square feet on an 8,585 square foot lot. Each unit is thoughtfully designed with central air and heat, private balconies, and fireplaces, providing comfortable and attractive living spaces for tenants.
The building has been professionally managed by long-term ownership and offers strong rental upside potential. Recent capital improvements include:
Two fully renovated units (105 and 203)
New HVAC system in Unit 203
Updated electrical panels compliant with current insurance requirements
Roof maintenance and hydro-jetting of plumbing lines in the garage
On-site laundry room with 2 washers and 2 dryers
Secure subterranean parking for 18 vehicles
Located within the high-performing Glendale Unified School District, the property is within walking distance of Herbert Hoover High School and Eleanor J. Toll Middle School, with Balboa Elementary just a short drive away. The neighborhood also benefits from nearby magnet and dual-language programs specializing in the arts, technology, and immersive education—making it a highly attractive location for families.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,491,028 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $649,103 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.07% | Building Size | 9,524 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $6,491,028 CAD |
| Price Per Unit | $649,103 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,524 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | GLR4YY |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Dining Room
- Family Room
- Handrails
- Patio
- Porch
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Security System
- Gated
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 10 | $4,188 CAD | 800 - 880 |
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5633-022-019 | Total Assessment | $6,036,168 CAD (2025) |
| Land Assessment | $2,947,896 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,088,272 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5633-022-019
Land Assessment
$2,947,896 CAD (2025)
Improvements Assessment
$3,088,272 CAD (2025)
Total Assessment
$6,036,168 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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1207 N Columbus Ave
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