

Columbus Avenue Apartments
Multifamily | 4.63% CAP
Marketing description
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.
The Columbus Avenue Apartment property is situated in a stable, residential neighborhood. The area appeals to a wide tenant base including young professionals, families, and entertainment industry employees due to its central location and livability. Glendale consistently ranks as a highly desirable rental market due to its safety, established neighborhoods, and proximity to major job hubs, making it an attractive long-term housing option.
The property benefits from close proximity to Glendale's premier retail corridors and shopping destinations, including The Americana at Brand, Glendale Galleria, and Downtown Glendale along Brand Boulevard. These destinations offer a wide mix of national retailers, dining, and entertainment options, providing tenants with convenient access to everyday needs and lifestyle amenities. The surrounding area offers a dynamic lifestyle environment with a diverse restaurant scene, entertainment venues such as the Alex Theatre, and cultural attractions including the Museum of Neon Art. Nearby recreational options such as Griffith Park further enhance the appeal, creating a well-rounded living environment attractive to modern renters.
The property offers strong connectivity to the greater Los Angeles region, with access to Glendale Beeline and Metro bus routes, as well as the Glendale Transportation Center providing Metrolink and Amtrak service. Convenient access to I-5, CA-134, and CA-2 freeways to Downtown Los Angeles, San Fernando and San Gabriel Valleys and beyond.
The offering is a rare opportunity to acquire a highly desirable apartment property which has not been available to the market since the early 1970s.
Investment highlights
- Meticulously maintained by current ownership for over 50 years
- Approx. $150,000 in CapEx in the last 5 years
- Fantastic unit mix
- Rare Verdugo Viejo neighborhood opportunity
- Seismic Retrofit not required in Glendale
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