$5,600,000 Price Analysis   ♡   Glendale, CA 91205 26 bed 27 bath 11,862 SqFt ($472/SqFt) 0.31 acre lot. Built 1988 Listed 2024-04-22, Taxes $38,558 | Ⓧ USDA Ineligible due to price & location near Glendale |
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. Lcated north of Gle ndale 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.
Presented by Kenny Stevens at
COMPASS.
Property MLS #24-383021 from TheMLSCLAW
Full Bathrooms: 27
Laundry Features: Community
Heating Features: Central
Lot Size Square Feet: 13499
Parking Total: 24
Calculated Total Monthly Association Fees: 0
Number of Units: 14
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 33450, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 4590, 3 BathsTotal: 1, 3 SquareFeet: 1795
County: Los Angeles
Cross Street: S. Glendale Ave. & Orange Grove Ave.
Cap Rate: 4.91
Directions: Just north of E. Colorado St. and Glendale Ave. - 0.5 miles from the Glendale Fashion Center and 0.7 miles from The Americana
Source Property Type: Residential Income
Area: Glendale-South of 134 Fwy
Source Neighborhood: Glendale-South of 134 Fwy
Parcel Number: 5674-017-052
Zoning: GLR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,023,767 + $2,388,799 $3,412,566 | $38,558 |
| 2021 | $1,003,694 + $2,341,960 $3,345,654 | $37,870 |
| 2020 | $993,403 + $2,317,947 $3,311,350 | $37,335 |
| 2019 | $973,925 + $2,272,498 $3,246,423 | $36,440 |
| 2018 | $954,829 + $2,227,940 $3,182,769 | $35,815 |
| 2017 | $936,107 + $2,184,255 $3,120,362 | $35,238 |
| 2016 | $917,752 + $2,141,427 $3,059,179 | $34,100 |
| 2015 | $903,967 + $2,109,261 $3,013,228 | $33,413 |
| 2014 | $886,260 + $2,067,944 $2,954,204 | $33,180 |
| 2013 | $882,255 + $2,058,598 $2,940,853 | $32,466 |
| 2012 | $864,956 + $2,018,234 $2,883,190 | $32,025 |
| 2010 | $847,997 + $1,978,661 $2,826,658 | $30,962 |
| 2009 | $843,660 + $1,968,540 $2,812,200 | $31,324 |
| 2009 | $841,660 + $1,963,874 $2,805,534 | $31,324 |
| 2008 | $827,118 + $1,929,942 $2,757,060 | $30,651 |
| 2007 | $810,900 + $1,892,100 $2,703,000 | $30,069 |
$5,600,000
TheMLSCLAW
Listing removed 2023-04-10
$0
TheMLSCLAW
Listed 2022-12-19
$5,835,000
TheMLSCLAW
Sold 2005-10-19
$5,300,000
Public Record
Sold 2005-06-17
$2,650,000
Public Record
Sold 1999-12-03
$1,210,000
Public Record
Sold 1983-09-21
$145,000
Public Record
Year Built: 1988
Common Walls: Attached
Direction Faces: South
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 36
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Gated
Map directions Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.