$5,600,000
- Beds
- 26
- sq ft
- 11,862
719 Orange Grove Ave, Glendale, CA 91205
719 Orange Grove Ave
Glendale, CA 91205
- 74 days on market
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). 719 Orange Grove is offered at a 4.91% CAP and 13.75 GRM on current rents with approx. 30% rental upside. The property will stabilize at a 6.21% 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.
Details
Property type
Lot size
0.3099 acres
Price per sq ft
$473
Year built
1988
HOA
No
Price History
04/22/2024
CLAW #24383021
Listed
$5,600,000
Schools & Community
Neighborhood:
Citrus Grove
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 07/05/2024 at 7:35 PM
Listing updated: 05/09/2024 at 5:11 PM
Listed by: Kenny Stevens, Compass Phone #: (310) 230-5478
MLS: CLAW #24383021
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