719 Orange Grove Avenue Glendale, CA 91205
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site18 Days
- MLS StatusActive
- MLS ID Number24383021
- Home Size Source N/A
- Year Built1988
- Lot Size0.3099 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking CoveredSide by Side
- Parking Spaces 24
- Number of Stories Multi/Split2
- Acreage 0.3099
- Security Gated Community
- Zoning GLR4*
- Listing Conditions Standard
- Direction Faces South
Interior Features
- Cooling Central Air
- Heating Central
- Appliances DishwasherDisposalRefrigerator
- Laundry Features Community
Exterior Features
- View None
Community Features
- Senior Community No
- MLS Area 628 - Glendale-South of 134 Fwy
- Security Features Gated Community