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    343 Riverdale Dr

    Glendale, CA 91204
    • $2,995,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 21-698040
    UPDATED: 147 min ago
    $2,995,000
    • 12
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,897
      SQFT
    • $379
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Large 7,897 SF value add 9-unit building in prime Glendale priced at only 332k/door and 379/SF. This property cash flows day one at 4% Cap Rate and 16.7 GRM with almost 30% upside to 6% Cap Rate and 12.8 GRM on the proforma. Delivered with 3 vacant units for immediate upside and renovations. Excellent Glendale location walking distance to The Americana & Glendale Galleria. Individually metered for Gas & Electricity. Brand New Roof.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/114536890
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    343 Riverdale Dr Glendale, CA 91204

    • Price: $2,995,000
    • Status: Active
    • Updated: 147 min ago
    • MLS #: 21-698040
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,897
    SQFT
    $379
    $/SQFT
    1962
    Built
    Neighborhood:
    Glendale-South Of 134 Fwy
    County:
    Los Angeles
    Area:
    Glendale-South Of 134 Fwy
    Property Description
    Large 7,897 SF value add 9-unit building in prime Glendale priced at only 332k/door and 379/SF. This property cash flows day one at 4% Cap Rate and 16.7 GRM with almost 30% upside to 6% Cap Rate and 12.8 GRM on the proforma. Delivered with 3 vacant units for immediate upside and renovations. Excellent Glendale location walking distance to The Americana & Glendale Galleria. Individually metered for Gas & Electricity. Brand New Roof.
    Exterior Features

    Lot Size Area 10224 Other Structures None Parking Garage AssignedCovered Parking Total Parking 8

    Interior Features

    Baths Total 12.00 Cooling None Equipment OtherRefrigeratorRange/Oven Fireplace Rooms Kitchen Heating Wall

    Property Features

    Assessed Total Value 219233 Gross Income 178968 Gross Operating Income 173599 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 120805.00 Number Of Buildings 1 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 52794 Type Of Units 9 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Glr4yy

    Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260