719 Orange Grove Avenue

Glendale , CA 91205

MLS#: 24383021

$5,600,000

Status: Closed
Listing number: 24383021
Listing provided by: Compass
Listing agent phone: None
Last update: 8 months ago
On site: 1 year, 3 months ago
Browse Properties
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Property

Beds

26

Full Baths

None

1/2 Baths

None

Year Built

1988

Sq.Footage

11,862

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.

Features & Amenities

Interior

  • Total Bedrooms

    26

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Central

Exterior

  • Garage

    No

  • Parking

    Covered, Side By Side

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.3099

  • Property Type

    Residential Income

Price

  • Sales Price

    $5,600,000

  • Sq. Footage

    11, 862

  • Price/SqFt

    $472

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Kenny Stevens , Compass

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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.

719 Orange Grove Avenue

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