719 Orange Grove Avenue, Glendale, CA 91205
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Sold Price :
$5,575,000
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Beds :
26
-
Baths :
27
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Property Size :
11,862 sqft
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Year Built :
1988
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). 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.
Interior Features
Laundry Information |
Location(s) |
Common Area |
Bedroom Information |
Bedrooms |
26 |
Bathroom Information |
Bathrooms |
27 |
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 |
Close Price |
$5,575,000 |
Status |
Closed |
Type |
Residential Income |
Structure Size |
11,862 |
Lot Size |
13,499 |
Year Built |
1988 |
Listing information courtesy of: Kenny Stevens, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 11:15 PM 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.