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337 Riverdale Dr 11 Unit Apartment Building $4,494,634 CAD ($408,603 CAD/Unit) Glendale, CA 91204
EXECUTIVE SUMMARY
**For Sale: 337 Riverdale, Glendale - Prime 11-Unit Multifamily Building**
Discover an exceptional investment opportunity at 337 Riverdale in the heart of Glendale. This well-maintained, 11-unit multifamily building offers a prime location and consistent rental income potential in one of the city's most sought-after neighborhoods.
Key Features:
- **11 Units**: A diverse mix of spacious 1 and 2-bedroom apartments, catering to a variety of tenants and maximizing occupancy potential.
- **Prime Location**: Situated in a vibrant, centrally located area of Glendale, residents will enjoy easy access to local shops, dining, public transportation, and top-rated schools. The property is also within minutes of major freeways, making commuting to surrounding areas a breeze.
- **Strong Rental Demand**: With a growing population and thriving community, Glendale continues to see strong rental demand. This property offers an attractive income stream, with room for potential rent increases in the future.
- **Well-Maintained Building**: The building is in great condition, with recent updates and thoughtful maintenance ensuring minimal immediate investment needs. It features spacious units, parking, and common areas that appeal to tenants.
- **Stable Income**: With fully leased units and consistent rental history, this multifamily building offers stability and strong cash flow for investors.
Whether you are an experienced investor looking to add a reliable asset to your portfolio or a newcomer seeking a prime rental property, 337 Riverdale is an opportunity not to be missed.
Contact us today to learn more!
Discover an exceptional investment opportunity at 337 Riverdale in the heart of Glendale. This well-maintained, 11-unit multifamily building offers a prime location and consistent rental income potential in one of the city's most sought-after neighborhoods.
Key Features:
- **11 Units**: A diverse mix of spacious 1 and 2-bedroom apartments, catering to a variety of tenants and maximizing occupancy potential.
- **Prime Location**: Situated in a vibrant, centrally located area of Glendale, residents will enjoy easy access to local shops, dining, public transportation, and top-rated schools. The property is also within minutes of major freeways, making commuting to surrounding areas a breeze.
- **Strong Rental Demand**: With a growing population and thriving community, Glendale continues to see strong rental demand. This property offers an attractive income stream, with room for potential rent increases in the future.
- **Well-Maintained Building**: The building is in great condition, with recent updates and thoughtful maintenance ensuring minimal immediate investment needs. It features spacious units, parking, and common areas that appeal to tenants.
- **Stable Income**: With fully leased units and consistent rental history, this multifamily building offers stability and strong cash flow for investors.
Whether you are an experienced investor looking to add a reliable asset to your portfolio or a newcomer seeking a prime rental property, 337 Riverdale is an opportunity not to be missed.
Contact us today to learn more!
PROPERTY FACTS
| Price | $4,494,634 CAD | Building Class | C |
| Price Per Unit | $408,603 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 8,350 SF |
| No. Units | 11 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.44/1,000 SF |
| Zoning | R4 - Multiple Dwelling | ||
| Price | $4,494,634 CAD |
| Price Per Unit | $408,603 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,350 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R4 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 708 |
| 2+2 | 6 | - | 987 |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5696-012-019 | Improvements Assessment | $1,064,721 CAD |
| Land Assessment | $1,597,088 CAD | Total Assessment | $2,661,809 CAD |
PROPERTY TAXES
Parcel Number
5696-012-019
Land Assessment
$1,597,088 CAD
Improvements Assessment
$1,064,721 CAD
Total Assessment
$2,661,809 CAD
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337 Riverdale Dr
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