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719 Orange Grove Avenue

Glendale, CA 91205

$5,600,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $472 / sqft

1988

calendar_month Built

Property Description

719 Orange Grove is a courtyard-style complex located 0.7 miles from The Americana and features a majority of 2-bdrm. and 2 bath units. Located just north of Glendale Ave. and Colorado St, 719 Orange Grove is 0.5 miles from the Glendale Fashion Center, and 0.7 miles from The Americana and the Glendale Galleria. The property is near a vibrant downtown district that is the perfect destination for living, working, and playing. Built in 1988, the property features an enticing unit mix of (12) 2-bdrm. and 2-bath units, (2) 1-bdrm. units, and a non-conforming studio unit. Most units feature wood-laminate flooring, stainless-steel appliances, central air conditioning, and private balconies. Property amenities include controlled access, secured covered parking, and a community laundry room. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 6.26% CAP and 11.64 GRM at the list price. Located near notable employers (KABC-7, Adventist Health Glendale Hospital and Walt Disney Animation) and blocks from Downtown Glendale, 719 Orange Grove is an ideal value-add property in the heart of a family-focused community.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Central Air

Listing Information

Address 719 Orange Grove Avenue
City Glendale
State CA
Zip 91205
County Los Angeles
Listing Agent Kenny Stevens DRE#01090251
Courtesy Of Compass
MLS 24383021
List Price $5,600,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 13,499
Year Built 1988
DOM 8

Exterior Information

Maps

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Listing information courtesy of: Kenny Stevens, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 30th, 2024 at 5:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.