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1320 N Columbus Ave 13 Unit Apartment Building $6,022,836 CAD ($463,295 CAD/Unit) 5.81% Cap Rate Glendale, CA 91202



Investment Highlights
- First Time on Market in over 50 Years
- Newer Roof, Water Heater, and Sewer Line
- Value Add Opportunity
Executive Summary
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.
Property Facts
| Price | $6,022,836 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $463,295 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.81% | Building Size | 14,326 SF |
| Gross Rent Multiplier | 11.34 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Zoning | GLR4YY - Specialized multi-family zoning code that designates medium-to-high density apartment and condominium use. | ||
| Price | $6,022,836 CAD |
| Price Per Unit | $463,295 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 11.34 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 14,326 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | GLR4YY - Specialized multi-family zoning code that designates medium-to-high density apartment and condominium use. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
- Yard
- Instant Hot Water
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5633-013-011 | Improvements Assessment | $585,657 CAD |
| Land Assessment | $128,587 CAD | Total Assessment | $714,244 CAD |
Property Taxes
Parcel Number
5633-013-011
Land Assessment
$128,587 CAD
Improvements Assessment
$585,657 CAD
Total Assessment
$714,244 CAD
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1320 N Columbus Ave
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