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Rachel Hanson

rachelhansonrealty@gmail.com +1(951) 215-7772

$9,000,000

Est. payment - /mo

0.34 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26229556

HOA Y/N No

Year Built 1975

Lot Size 0.341 Acres

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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Inside

Exterior

Garage Spaces 36.0

Garage Description 36.0

Pool None

Community Features Curbs

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available

Total Parking Spaces 36

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5696012020

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by David Nalbandyan LA Premier Realty info@lapremierrealty.com, DRE #01869296

NEARBY SCHOOL & BUSINESS

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333 Riverdale Glendale, CA 91204