$5,600,000
719 Orange Grove Avenue, Glendale 91205
3
Beds
4
Baths
11,862
Square feet
13,499
Lot Size
14
# Of Units
Listing Agent
Kenny Stevens - Compass719 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.
Facts & Features
MLS® # | 24383021 |
---|---|
Price | $5,600,000 |
Bedrooms | 3 |
Bathrooms | 4.00 |
Square Footage | 11,862 |
Lot Size | 13,499 |
Year Built | 1988 |
Type | Residential Income |
Status | Active |
# Of Units | 14 |
Community Information
Address | 719 Orange Grove Avenue |
---|---|
Area | 628 - Glendale-South of 134 Fwy |
City | Glendale |
County | Los Angeles |
Zip Code | 91205 |
Amenities
Parking Spaces | 16 |
---|---|
Parking | Covered, Side By Side |
Garages | Covered, Side By Side |
View | None |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Dishwasher, Disposal, Refrigerator |
---|---|
Heating | Central |
Cooling | Central Air |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Multi/Split |
Additional Information
Date Listed | April 22nd, 2024 |
---|---|
Days on Market | 14 |
Zoning | GLR4* |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Kenny Stevens |
---|---|
Office | Compass |