Los Angeles, CA 90008
LISTING CRE
10 Unit Offering
Prime Glenale Location
Potential Loan Assumption
Summary
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
PARKING
10
1989
9,524
8,585
5633-022-019
18 Subterranean
Opportunity
Pinnacle Estate Properties is proud to present 1207 N. Columbus Avenue, a well-maintained 10-unit apartment building located just north of Glenoaks Boulevard in a peaceful, tree-lined neighborhood of Glendale. Built in 1989, the building features a desirable unit mix of all (10) two-bedroom, two-bathroom units totaling approximately 9,524 rentable square feet on an 8,585 square foot lot.
The property has been professionally managed and cared for by long-term ownership and offers strong rental upside. Recent capital improvements include two fully remodeled units (105 and 203), a brand-new HVAC system in Unit 203, and updated electrical panels to meet current insurance requirements. Additional upgrades include recent roof repairs, hydro-jetting of plumbing lines in the garage, and a shared laundry room with 2 washers and 2 dryers.
Each unit features central air and heat, private balconies, and fireplaces. Tenants also benefit from secure subterranean parking and a quiet residential setting with easy access to nearby retail, schools, and transit.
The property is currently financed with a Chase loan of approximately $1,883,860.16 at a 6.15% fixed interest rate for the first five years, after which the rate adjusts based on market conditions. For qualified buyers, loan assumption may be available, offering a valuable financing option in today’s higher-rate environment. The loan features a 3-2-1-1-1 prepayment structure, providing flexibility depending on the buyer’s investment horizon.
Located within the highly rated Glendale Unified School District, the property is walking distance to Herbert Hoover High School and Eleanor J. Toll Middle School, and a short drive to Balboa Elementary. The area is also home to several specialized and magnet programs in the arts, technology, and dual-language education.
