623 Orange Grove Avenue, Glendale, CA 91205 - MLS#GD25147184

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,450,000

Est. payment - /mo

8 Beds

6 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD25147184

Bedrooms 8

Property Sub-Type Res Income 2-4 Units

Property Description

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 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction South on Glendale Avenue, left on Orange Grove

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5674017020

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Listed by Mark Trueblood TRUMARK Real Estate Management

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

623 Orange Grove Avenue Glendale, CA 91205

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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