Glendale Groves

JLL is pleased to present Glendale Groves, a 28-unit single-story garden-style multifamily community located in a desirable south Glendale neighborhood. Built in 1983 and extensively renovated and repositioned in 2020, the community features wood frame and stucco construction with built-up foam roofs and is individually metered for electricity. Interior units feature premium finishes including shaker cabinetry, granite kitchen countertops, vinyl plank flooring, stainless steel appliances, in-suite washers and dryers, and large private backyards. Glendale Groves is ideally situated in a desirable area of Glendale, a city experiencing rapid growth and development with billions of dollars being invested in recent and ongoing projects throughout the city. Glendale’s strong population growth, coupled with its diversifying economy (particularly in healthcare and manufacturing sectors) and limited new housing development, creates a solid foundation for sustained rental demand. Glendale Groves provides a compelling investment opportunity to buy an extensively renovated asset within an affordable submarket that is well positioned for future rental increases.