719 Orange Grove Avenue, Glendale, CA 91205 (MLS # 24383021)

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PRICE $5,600,000 dsIDX morgage calculator
BEDS 26
BATHS 27
HOME SIZE 11,862 sqft
LOT SIZE 13,500 sqft

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.

DAYS ON MARKET 17 LAST UPDATED 4/22/2024
YEAR BUILT 1988 COMMUNITY Glendale-South of 134 Fwy
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Refrigerator
AREA Glendale-South of 134 Fwy
BUYER'S BROKERAGE COMPENSATION 2.000 %
GARAGE Covered, Side by Side
HEAT Central
LOT 0.31 acre(s)
PARKING Covered,Side By Side
STORIES 2
VIEW DESCRIPTION None
ZONING GLR4*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Compass

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