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1001 Orange Grove Ave 7 Unit Apartment Building $2,500,000 ($357,143/Unit) Glendale, CA 91205
Investment Highlights
- Well-Constructed Mid-80s Building
- Prime Glendale Location
- Secured & Gated Subterranean Parking
- Value-Add Opportunity
- Desirable Unit Features - Select units offer vaulted ceilings, private outdoor patios or balconies
Executive Summary
1001 Orange Grove is a 7-unit value-add multifamily investment located in Glendale’s desirable Citrus Grove neighborhood, just north of Colorado Blvd between S Glendale Ave and S Chevy Chase Dr. Built in 1985, the 4,506 SF two-story wood-frame stucco building sits on a 6,788 SF lot and features subterranean parking with 11 total spaces.
The property offers a strong unit mix of five (5) 1BD/1BA units and two (2) 2BD/1BA units featuring vaulted ceilings. This is a true location winner—just minutes from major employers, community parks, and the world-class retail and dining of The Americana at Brand. With effortless access to the I-5 and 134 freeways, 1001 Orange Grove offers unbeatable convenience for commuters. Investors can benefit from 25%+ rental upside through renovations and modern upgrades, making this an attractive value-add opportunity in a prime Glendale location.
The property offers a strong unit mix of five (5) 1BD/1BA units and two (2) 2BD/1BA units featuring vaulted ceilings. This is a true location winner—just minutes from major employers, community parks, and the world-class retail and dining of The Americana at Brand. With effortless access to the I-5 and 134 freeways, 1001 Orange Grove offers unbeatable convenience for commuters. Investors can benefit from 25%+ rental upside through renovations and modern upgrades, making this an attractive value-add opportunity in a prime Glendale location.
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per Unit | $357,143 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,506 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | GLR4* - GLR4 - Glendale High Density Residential | ||
| Price | $2,500,000 |
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 4,506 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | GLR4* - GLR4 - Glendale High Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 5674-015-019 | Improvements Assessment | $614,997 |
| Land Assessment | $292,846 | Total Assessment | $907,843 |
Property Taxes
Parcel Number
5674-015-019
Land Assessment
$292,846
Improvements Assessment
$614,997
Total Assessment
$907,843
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