Property listed by TRUMARK Real Estate Management, Mark Trueblood [email protected]
$2,450,000
We are pleased to present 623 Orange Grove Ave., a 5-unit multifamily investment opportunity located in the heart of Glendale. This asset sits on a 6,882 square foot lot, it is the perfect opportunity for a passive investment in a high rental demand area. Constructed in 1964, 623 Orange Grove… Read More Ave. comprises of two two-bedroom/two-bathroom units and three two-bedroom/one-bathroom units. The 5,652 square feet of improvements boast each of the two-bedroom units around 1,050 square feet approximately. One of the units has been fully renovated and all units have separate meters for gas and electricity. The property offers ten parking spaces, five of which are covered spaces, complimentary storage cabinets for all tenants, and a private laundry room. Recent capital improvements to the property also include The property has new landscaping, new backyard outdoor space, new overall building improvements including exterior painting and lighting. All residents are on a Ratio Utility Billing lease. This property is mere moments away from the highly anticipated Erewhon, The Americana at Brand, Glendale Galleria, and other renowned landmarks. Enjoy seamless access to major highways, exquisite dining, and vibrant entertainment. The location of this building makes it an attractive asset to investors and prospective tenants looking to make this property their home. Read Less
Listing Snapshot
Days Online
88
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1964
MLS Number
GD25147184
30 Days Snapshot Of 91205
$766k
+12%
(avg) sold price
5
0%
homes sold
43
-65%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1964, Building area total: 5,652, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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