Columbus Avenue Apartment
1320 North Columbus Avenue Glendale, CA 91202
For Sale
Contact for pricing
Multi-unit apartment community featuring a mix of townhome and apartment layouts with on-site laundry and balconies or patios.
Property Size14,326 SF
Lot Size0.34 Acres
Price / SF$335.06
Days on Market17
Property Features for 1320 North Columbus Avenue
General Information
- Standard status
- Active
- Size
- 14,326 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing Agency:
Lee & Associates - Pasadena
(310) 428-7580
Listed By:
Robert Leveen · License #CA 01476685
Source:
Crexi
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Pasadena
Investment Insights
Based on property information with market context.
Columbus Avenue Apartments is a 1961-constructed multifamily property offering a mix of spacious two-bedroom residences. The community includes two townhome-style units with 1.5-bath layouts, as well as ten additional 2-bedroom units with 1.75-bath layouts. Common features include a central water heater, on-site laundry, and ample storage. Second-floor units have balconies, while first-floor units have private patios, and the townhome unit has a private yard. Recent capital improvements over the past five years include a new roof, new water heater, and new sewer and secondary drain lines, and units have been upgraded and remodeled when turned over.
The property sits on a 14,698 SF parcel at 1320 N Columbus Avenue in the Verdugo Viejo neighborhood of Glendale. Parking includes 24 tandem spaces and 1 single space. The property is majority copper plumbed. Ownership is subject to AB 1482 and the City of Glendale Rental Rights Program.
This apartment community provides a consistent residential configuration with multiple outdoor living options and on-site support for residents, supported by documented recent infrastructure and unit turnover upgrades.
The property sits on a 14,698 SF parcel at 1320 N Columbus Avenue in the Verdugo Viejo neighborhood of Glendale. Parking includes 24 tandem spaces and 1 single space. The property is majority copper plumbed. Ownership is subject to AB 1482 and the City of Glendale Rental Rights Program.
This apartment community provides a consistent residential configuration with multiple outdoor living options and on-site support for residents, supported by documented recent infrastructure and unit turnover upgrades.
Key Highlights
- 14,326 rentable SF apartment community on a 14,698 SF parcel, built in 1961.
- Unit mix includes 2 townhome units (2x 1BR/1BA, 1x 2BR/1.5BA) plus 10 apartment units (2BR/1.75BA).
- Recent major capex in the last 5 years: new roof, new water heater, and new sewer and secondary drain lines.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $524.3k | $36.60 |
| − Vacancy | −$34.1k | −$2.38 |
| EGI | $490.3k | $34.22 |
| − OpEx | −$220.6k | −$15.40 |
| NOI | $269.6k | $18.82 |
14,326 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.85M
$3.37M – $4.49M
NOI $269,638 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.62M
$7.54M – $10.05M
NOI $603,121 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multi-unit apartment community featuring a mix of townhome and apartment layouts with on-site laundry and balconies or patios.
Where is this apartment building located?
The property is located at 1320 North Columbus Avenue Glendale, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 14,326 rentable SF apartment community on a 14,698 SF parcel, built in 1961.; Unit mix includes 2 townhome units (2x 1BR/1BA, 1x 2BR/1.5BA) plus 10 apartment units (2BR/1.75BA).; Recent major capex in the last 5 years: new roof, new water heater, and new sewer and secondary drain lines.
