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Investment Highlights
- Five-unit multifamily investment opportunity in Glendale.
- Approximately 5,652 SF of residential improvements.
- Convenient access to Downtown Glendale and regional employment centers.
- Located within the established Citrus Grove neighborhood.
- Situated on a 6,882 SF infill parcel.
- Near shopping, dining, entertainment, and daily services.
Executive Summary
623 Orange Grove Avenue offers the opportunity to acquire a five-unit multifamily asset in Glendale, one of Los Angeles County's most established residential rental markets. Positioned within the Citrus Grove neighborhood, the property benefits from convenient access to Downtown Glendale, The Americana at Brand, Glendale Galleria, major employment centers, and regional transportation corridors that support long-term housing demand.
The property consists of approximately 5,652 square feet of improvements situated on a 6,882-square-foot parcel. Its unit count and established residential setting provide investors with the opportunity to acquire a stabilized multifamily asset in a market characterized by limited housing supply and strong renter demand. The surrounding neighborhood features a mix of residential communities, retail services, dining options, educational institutions, and public amenities that contribute to tenant retention and long-term occupancy appeal.
Glendale's central location within the greater Los Angeles region provides connectivity to Downtown Los Angeles, Pasadena, Burbank, and the San Fernando Valley. The property's proximity to major commercial districts, entertainment destinations, and transportation infrastructure further supports its investment profile. For investors seeking multifamily exposure in a mature infill market, 623 Orange Grove Avenue offers a well-located residential asset within a highly sought-after Southern California submarket.
The property consists of approximately 5,652 square feet of improvements situated on a 6,882-square-foot parcel. Its unit count and established residential setting provide investors with the opportunity to acquire a stabilized multifamily asset in a market characterized by limited housing supply and strong renter demand. The surrounding neighborhood features a mix of residential communities, retail services, dining options, educational institutions, and public amenities that contribute to tenant retention and long-term occupancy appeal.
Glendale's central location within the greater Los Angeles region provides connectivity to Downtown Los Angeles, Pasadena, Burbank, and the San Fernando Valley. The property's proximity to major commercial districts, entertainment destinations, and transportation infrastructure further supports its investment profile. For investors seeking multifamily exposure in a mature infill market, 623 Orange Grove Avenue offers a well-located residential asset within a highly sought-after Southern California submarket.
Property Facts
| Price | $2,445,000 | Building Class | C |
| Price Per Unit | $489,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,148 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise | Parking Ratio | 1.16/1,000 SF |
| Zoning | GLR4YY - Multiple Dwelling | ||
| Price | $2,445,000 |
| Price Per Unit | $489,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,148 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | GLR4YY - Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5674-017-020 | Improvements Assessment | $877,200 |
| Land Assessment | $999,600 | Total Assessment | $1,876,800 |
Property Taxes
Parcel Number
5674-017-020
Land Assessment
$999,600
Improvements Assessment
$877,200
Total Assessment
$1,876,800
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623 Orange Grove Ave



