623 Orange Grove Ave - Apartments FOR SALE


Glendale, CA 91205- Citrus Grove
$2,450,000 USD
818-522-9524
623 Orange Grove Ave, Glendale, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

623 Orange Grove Ave
Glendale, CA 91205
Citrus Grove


OVERVIEW

We are pleased to present 623 Orange Grove Ave., a five-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 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.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

5

PRICE/UNIT

$490,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,747 SF

ZONING

GLR4YY

APN/PARCEL ID

5674-017-020

ASK ABOUT THIS PROPERTY

Mark TruebloodTrumarkMore Info
818-522-9524

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Mark TruebloodTrumarkMore Info
818-522-9524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.