719 Orange Grove Avenue

Glendale, CA 91205

$5,600,000
Price
26
Beds
27
Baths
11,862 Sq. Ft.
$472 / Sq. Ft.
11,862
Sq. Ft.
$472
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). The property offers approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 6.26% 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 Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Property Details for 719 Orange Grove Avenue

Zoning
GLR4*
Cross Streets
S. Glendale Ave. & Orange Grove Ave.
Parcel Number
5674017052
Total Units
14.0
Living Area
11862
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
1 Unit

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251
Add your commute
LISTING UPDATED: 04/30/2024 12:01 AM

Property Details for 719 Orange Grove Avenue

StatusActive
MLS #24-383021
Days on Market12
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

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251
Add your commute

Building Information for 719 Orange Grove Avenue

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

Payment Calculator

$33,830 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,561

Property Taxes

$3,269

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 719 Orange Grove Avenue

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: South
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $363,078
  • Net Operating Income: $242,533.00
  • Gross Income: $370,488
  • Cap Rate: 4.33%
  • Gross Rent Multiplier: $15.12
  • Financial Info as Of: 04/22/2024
  • Total Annual Expense: 120545
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 13499
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Side By Side
  • Total Parking: 16
  • Covered Parking: 16
  • Parking Features: Covered, Side by Side
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood Laminate
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-22-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,128.00
  • Unit Actual Rent: $25,530.00
  • Unit Projected Rent: $33,450.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,810.00
  • Unit Actual Rent: $3,619.00
  • Unit Projected Rent: $4,590.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,575.00
  • Unit Actual Rent: $1,575.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

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$2,436,574Additions$1,044,242Total$3,480,816
Tax Record2023$39,226 ($3,269 / 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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719 Orange Grove Avenue is a multi-family home for sale in Glendale, CA 91205. This property was listed for sale on April 22, 2024 by Compass, it's currently listed at $5,600,000. It has been on the market for a total of 12 days and was last sold on October 12, 2005. This listing's school district is Glendale Unified School District. Nearby schools include John Marshall Elementary School, Woodrow Wilson Middle School and Glendale High School. 719 Orange Grove Avenue is a 26-bed, 27-bath, 11,862 sqft multi-family home built in 1988.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; 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.