719 Orange Grove Ave | Glendale, CA 91205
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- LoopNet Team
719 Orange Grove Ave
Glendale, CA 91205
1980s Complex w/ 13.75 GRM by The Americana · Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- 14-unit complex located 0.6 mile from the Glendale Fashion Center and 0.7 mile from The Americana and Glendale Galleria
- Enticing unit mix comprised of (12) 2-bdrm. and 2-bath units, (2) 1-bdrm. units, and a non-conforming studio unit
- Offered at 4.89% CAP & 13.80 GRM on current rents w/ approx. 30% rental upside - 6.21% CAP & 11.64 GRM on market rents
- City of Glendale allows for an 8.8% annual rent increase (5% + CPI)
- Majority of the units feature wood-laminate flooring, stainless-steel appliances, and private balconies
- Property amenities include controlled access, secured covered parking, and a community laundry room
PROPERTY FACTS
| No. Units | 15 | Building Size | 11,862 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1988 |
| Building Class | B | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | GLR4* - 0500 - 5 Or More Apts Or Units, Coop Or Oyo Projects - 4 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 11,862 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1/1,000 SF |
| Zoning | GLR4* - 0500 - 5 Or More Apts Or Units, Coop Or Oyo Projects - 4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Stainless Steel Appliances
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 12 | $2,368 | - |
| 1+1 | 2 | $1,872 | - |
| Studios | 1 | $1,575 | - |
PROPERTY TAXES
| Parcel Number | 5674-017-052 | Improvements Assessment | $2,490,000 |
| Land Assessment | $3,085,000 | Total Assessment | $5,575,000 |
PROPERTY TAXES
Parcel Number
5674-017-052
Land Assessment
$3,085,000
Improvements Assessment
$2,490,000
Total Assessment
$5,575,000
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