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$ 9,000,000
Est. payment /mo
New
333 Riverdale Glendale, CA 91204
4 Beds
4 Baths
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26229556
Bedrooms 4
Lot Size 0.341 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional 20-unit apartment complex located in the heart of Glendale, within walking distance of The Americana at Brand. The property features twenty spacious two-bedroom, one-and-a-half-bath townhouse-style units, each equipped with in-unit laundry, central HVAC, and secure underground parking. The property is currently operating at a CAP rate of 5.10% and 13.91 GRM with significant rental upside. Twelve units have been fully remodeled within the past two years, featuring new cabinetry, flooring, lighting, and appliances. The roof and waterproofing were replaced in 2020/2026, as well as several AC's, windows ensuring low maintenance and long-term durability. The property also features twenty (20) approximately 100-square-foot storage rooms within the parking garage, providing supplemental rental income and a highly desirable amenity for residents. With its prime location, spacious townhouse-style layouts, substantial recent improvements, and additional income potential, 333 Riverdale Drive presents a compelling opportunity to acquire a well-maintained multifamily asset in one of Glendale's most desirable rental markets.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off of Central, near Colorado
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5696012020
Acceptable Financing Conventional
Listing Terms Conventional
Listed by David Nalbandyan, DRE#01869296 LA Premier Realty