623 Orange Grove Ave Immeuble residentiel 5 lots 2 105 292 € (421 058 €/Lot) Taux de capitalisation 4,50 % Glendale, CA 91205

**623 Orange Grove Avenue** presents a rare multifamily investment opportunity in Glendale, featuring five spacious units averaging approximately 1,100 square feet each. The property offers investors immediate upside through two vacant units (Unit #1 & Unit #5), including **Unit #1**, which has undergone a comprehensive renovation featuring all-new plumbing, kitchen and appliances, flooring, paint, recessed lighting, and double-pane windows. Each unit is responsible for **RUBS (Ratio Utility Billing System)**, providing the property with additional monthly reimbursement of utility expenses.

**Unit #2** has also been fully renovated with a new HVAC system, upgraded plumbing, modern kitchen with appliances, new flooring and paint, an expanded master suite with an additional bathroom, a complete renovation of the original bathroom, and direct patio access. **Unit #5** is currently vacant, providing flexibility for an investor to lease the unit at market rents or utilize it as an owner-occupied residence.
The property encompasses approximately **5,652 square feet of improvements on a ±6,882-square-foot parcel** and is further enhanced by a brand-new roof, newer laundry machines, fresh landscaping, a new sprinkler system, newly installed copper plumbing throughout, and complete plumbing replacement in the lower units.
Ideally located near an extensive array of retail, dining, schools, and public amenities, 623 Orange Grove Avenue offers convenient access to **Downtown Glendale, Erewhon, The Americana at Brand, Glendale Galleria**, and major employment centers throughout the region. The combination of substantial capital improvements, immediate leasing potential, and strong location fundamentals positions the property to benefit from both near-term income growth and long-term appreciation.
In a market characterized by limited multifamily supply and sustained renter demand, **623 Orange Grove Avenue represents an exceptional opportunity to acquire a highly upgraded five-unit asset with immediate upside and enduring investment appeal in one of Southern California’s premier rental markets.**
**Please Note: Other Income listed in financials includes laundry Income ($2,300/annually) and RUBS ($7,500/annually)