Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

20

Building size

17,920 sqft

Lot size

14,835 sqft

Year built

1975

Stories

2

Garage spaces

36

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

0

MLS #

248920956

About this property

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

333 Riverdale

Glendale, Los Angeles, CA, 91204