719 Orange Grove Avenue

Glendale, CA 91205

$5,575,000
Last Sold Price
3
Beds
27
Baths
11,862 Sq. Ft.
$470 / Sq. Ft.
11,862
Sq. Ft.
$470
per Sq. Ft.

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....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.

Listing Agent

  1. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

    kenny.stevens@compass.com

    P: (310)-968-7005

Property Details for 719 Orange Grove Avenue

View
None
Parking Spaces Total
24
Cooling Type
Central
Total Units
14.0
Lot Size Source
Other
Living Area
11862
Assessor Parcel Number
5674-017-052
New Construction
No
LISTING UPDATED: 08/13/2024 09:13 AM

Property Details for 719 Orange Grove Avenue

StatusClosed
MLS #24383021
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size0.31 AC / 13,499 SF
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 719 Orange Grove Avenue

Stories2Residences-Year Built1988Building Size-Lot Size0.31 AC / 13,499 SF

Property Information for 719 Orange Grove Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $407,165
  • Gross Operating Income: $399,021
  • Net Operating Income: $275,212
  • Gross Multiplier: 13.75
  • Cap Rate: 4.91
Expense Details
  • Total Expenses: $123,809
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Wood Laminate
Exterior Features
  • Security Features: Gated Community
  • Other Structures: None
  • View Description: None
Land/Lot Info
  • Direction Faces: South
  • Number Of Units: 14
  • Levels: Multi/Split
Parking Info
  • Parking: Yes
  • Parking Garage: Covered Parking, Side By Side
  • Parking Features: Covered, Side by Side
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,128
  • Unit Type Total Rent: $25,530
  • Unit Type Pro Forma: 33450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,810
  • Unit Type Total Rent: $3,619
  • Unit Type Pro Forma: 4590
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1

Property History for 719 Orange Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 719 Orange Grove Avenue

Taxable ValueLand$2,485,305Additions$1,065,126Total$3,550,431
Tax Record2024$40,124 ($3,344 / month)
Home Facts
Total Finished SqFt11,862 SqFtAbove Grade Finished SqFt11,862 SqFtLot Size13,442 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningGLR4*CountyLOS ANGELESAPN5674-017-052

Schools near 719 Orange Grove Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Marshall Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Glendale High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.