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719 Orange Grove Ave, Glendale, CA 91205
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719 Orange Grove Ave Glendale, CA 91205

$5,600,000
  • 26 Beds
  • 27 Baths
  • 11,862 Sq.Ft.
For Sale
$5,600,000 Get Pre-Qualified
Map preview of 719 Orange Grove Ave, Glendale, CA 91205

Property Overview: 719 Orange Grove Ave Glendale, CA has 26 bedrooms, 27 bathrooms, 11,862 living square feet and 13,499 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Kenny Stevens | BRE #01090251 | Compass
Last checked: 14 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 3
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Home details

Lot Sq. Ft
13,499
HOA Dues
$0/mo
Year built
1988
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24383021
City
Glendale
County
Los Angeles
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,128
  • Total Rent: $25,530
  • Pro Forma/Market Rent: $33,450
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,810
  • Total Rent: $3,619
  • Pro Forma/Market Rent: $4,590
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.33%
  • Gross Rent Multiplier: 15.12
  • Gross Scheduled Income: --
  • Net Operating Income: $242,533
  • Gross Operating Income: $363,078
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 719 Orange Grove Ave

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Property Details for 719 Orange Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Covered, Side by Side
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Total # of Units: 14
  • Parcel Number: 5674017052
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • 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
View more facts & features

Local Glendale Agent

Sale History for 719 Orange Grove Ave

Last sold for $2,650,000 on June 17th, 2005

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: 24383021

    $5,600,000

    Price

  • March, 2023

  • Mar 31, 2023

    Date

    Expired

    CRMLS: 22226143

    $5,835,000

    Price

  • Dec 19, 2022

    Date

    Active

    CRMLS: 22226143

    $5,835,000

    Price

  • Listing provided courtesy of CRMLS

    719 Orange Grove is a fourteen unit (plus 1 non-conforming studio unit) courtyard complex located near the heart of downtown Glendale. The city of Glendale allows from an annual rent increase of 5% plus Consumer Price Index (CPI), currently 10%. Please note, rents have not been increased in 2022, providing immediate upside to the new owner. Located just east of Glendale Ave and 2 blocks north of Colorado, 719 Orange Grove is located walking distance from The Americana at Brand, Glendale Galleria, Glendale Fashion Center and an array of dining/entertainment options along Brand Blvd. Built in 1988, 719 Orange Grove features an enticing unit mixed comprised of (12) 2-bdrm. and 2-bath units, (2) 1-bdrm. units and a non-conforming studio unit. A majority of the units feature wood laminate flooring, stainless-steel appliances, central air conditioning and private balconies. Property amenities include controlled access, secure covered parking and a community laundry room. 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 located in the heart of a family-focused community.

  • June, 2005

  • Jun 17, 2005

    Date

    Sold (Public Records)

    Public Records

    $2,650,000

    Price

  • December, 1999

  • Dec 3, 1999

    Date

    Sold (Public Records)

    Public Records

    $1,210,000

    Price

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Tax History for 719 Orange Grove Ave

Assessed Value (2020): $3,311,350
Year Land Value Improved Value Assessed Value
2020 $2,317,947 $993,403 $3,311,350

Home Value Compared to the Market

This property vs the competition

719 Orange Grove Ave is listed 387.38% higher than the median list price for the city of Glendale which has a median list price of $1,149,000. The median price per/sqft for Glendale is $698 and this home is listed at $472.1 per/sqft which puts the price per square foot 32.36% lower than the median price per square foot for the city of Glendale.

About 719 Orange Grove Ave

Detailed summary of property

719 Orange Grove Ave is a multi family located in Glendale, CA 91205 and is currently for sale. This multi family property offers 26 bedrooms, 27 bathrooms, roughly 11,862 living square feet, and sits on an approximately 13,499 square foot lot. 719 Orange Grove Ave was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner is currently asking $5,600,000. The median priced home in Glendale is $1,149,000 with a median price per square foot of $698. Based on Ardent Real Estate Group's Glendale Market Data, this home is listed 387.38% higher than the median priced home. Local competing homes currently for sale include 264 S Union Ave, 2016 N Vista Del Mar Ave and 201 N Normandie Ave. While the average home in Glendale, CA is selling in 72 days, 719 Orange Grove Ave has a days on market of 3 days. There are currently 172 homes for sale in the Glendale real estate market and 107 of them are single family homes while 53 of them are condos and 11 are townhomes. For more information on this home for sale at 719 Orange Grove Ave Glendale, CA 91205 contact Ardent Real Estate Group and we will put you in touch with one of our Glendale agents.

Public Facts for 719 Orange Grove Ave

Public county record property details
Beds
--
Baths
--
Year built
1988
Sq. Ft.
11,862
Lot Size
13,441
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28,29
APN
5674-017-052

The source for these homes facts are from public records.

91205 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$769
Median Sold Price
$485,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
18
Median Sale to List Price %
102.11%
Avg Days on Market
9
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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