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3108008221
Real Estate Company
333 Riverdale, Glendale, CA 91204
- $9,000,000
- List Price
- $9,000,000
- Status
- ACTIVE
- MLS#
- BB26229556
- Year Built
- 1975
- Lot Size
- 14,835
- Acres
- 0.34
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 36
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 20
- Gross Scheduled Income
- $647,520
- Operating Expense
- 180376
Listing courtesy of Listing Agent: David Nalbandyan (info@lapremierrealty.com) from Listing Office: LA Premier Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.