CA > Glendale
Glendale, CA 91205,623 Orange Grove Avenue
Glendale, CA 91205,623 Orange Grove Avenue
Glendale, CA 91205,623 Orange Grove Avenue
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$2,450,000
Est. payment /mo
6,882 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD25147184

HOA Y/N No

Year Built 1964

Lot Size 6,882 Sqft

Property Sub-Type Apartment

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

Area 628 - Glendale-South Of 134 Fwy

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Street Lights

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5674017020

Energy Description 1750.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Mark Trueblood TRUMARK Real Estate Management mark@trumarkrem.com
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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