Movoto Real Estate
Sold on 11/05/2024
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1357 Orange Grove Ave, Glendale, CA 91205

$1,775,000

Last sold 11/05/2024 after 112 Days

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    bed

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    bath

Multi-family not for sale

About 1357 Orange Grove Ave

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 7,807 Sqft
Parking 5 garage spaces
Rental estimate
Property description
Rare opportunity for this 6-unit income property on 7,807sqft lot. Two well maintained buildings with four units in the front building with two more units with their own private balconies in the second building over the garages. This second building has 5 garages and a coin laundry in a separate utility room. The parking lot has 5 spaces with alley access. All 6 units have their own separate power and gas meters. Two units have 2 bedrooms and 1 bath. The remaining 4 units have 1 bedroom, 1 bath. One of the 2 bedroom units is undergoing renovation. The other 5 have stable long-term renters. The apartment building is conveniently located southwest of the 134 & 2 interchange. Glendale High School is on the other side of S. Verdugo Rd. Adventist Health Glendale and the Eagle Rock Plaza Shopping Mall are nearby.
Listed by
Listing Agent - Michael Lee
Listing Agent Contact: 626-991-5463
Listing Office - CENTURY 21 CRISTAL CELLAR
Source: CRMLS mls logo
MLS#CV24146373 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1792
Lot Size (SqFt) 7807
Year Built 1953
Interior
Exterior
Building Area Square Feet, 3728
# Uncovered Spaces 5
# Parking Spaces 10
# Garage Spaces 5
Lot Description Front Yard, Rectangular Lot, Sprinkler System, Walkstreet
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks, Urban
Zoning GLR4YY
Directions From 134 Frwy, Exit South On Harvey To E. Broadway, South On S.Verdugo, Rt On Orange Grove
APN 5680006020
Multifamily Details
Vacancy Allowance Rate 5
Vacancy Allowance 7500
Expense: Trash 2344
Gross Spendable Income 142500
Operating Expense 40987
Cap Rate 5.34
Expense: Insurance 2240
Total Expenses 40987
Expense: Maintenance 6975
Expense: Water/ Sewer 2738
Gross Income 150000
Gross Operating Income 142500
Gross Multiplier 13.33
Gross Scheduled Income 150000
Expense: Supplies 1058
Expense: Fuel 296
Expense: Gardener 900
Rental est.: $1,314/month
Gross rent multiplier: 112.6
  • Nov 2024
    mls logo MLS # CV24146373
  • Nov 5, 2024 Sold
    $1,775,000
  • Sep 23, 2024 Pending
    —
  • Aug 19, 2024 Active
    —
  • Aug 14, 2024 Price Change
    $1,875,000 (-1.3%)
  • Aug 10, 2024 Listed
    —
  • Aug 7, 2024 Active
    —
  • Jul 16, 2024 Listed
    $1,900,000
  • Nov 2024
    Public Records
  • Nov 5, 2024 Sold
    $1,775,000 (-5.3%)
  • Year Property taxes Tax assessment
  • 2024
    $5,750 +2.0%
    $450,541 +1.99%
  • 2023
    $5,636 +1.6%
    $441,749 +1.99%
  • 2022
    $5,546 +1.9%
    $433,129 +1.99%
  • 2021
    $5,442 +1.3%
    $424,678
  • 2020
    $5,370
    $424,678
  • 1357 Orange Grove Ave
    $1.77M
  • Citrus Grove
    $650K -6% y/y
  • 91205
    $890K +9% y/y
  • Glendale
    $1.12M +2% y/y
No chart available
Statistics calculated by Movoto

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6/10
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Source: GreatSchools.org © 2026. All rights reserved.

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