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Annie Culbertson &
Debbie Rossetto

Mobile Phone:
408-707-0340
annieculbertson@comcast.net
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Annie Culbertson &
Debbie Rossetto

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Mobile Phone:
408-707-0340
annieculbertson@
comcast.net
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Buyer Info
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Seller Info
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FOR SALE
$5,600,000

719 Orange Grove Avenue
Glendale, CA 91205

Business Opportunities
Commercial
11,862
Sq. Ft.
0.31
Acre Lot
Courtesy: Kenny Stevens - Compass; Email: kenny@kennystevensteam.com
Home> California> Glendale> 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). 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.
CL24383021
Business Opportunities, Other
Los Angeles
1988
0.31 Acres
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Kenny Stevens - Compass; Email: kenny@kennystevensteam.com

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