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.
Courtesy of , Kenny Stevens.
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