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Listed by David Nalbandyan, DRE #01869296 • LA Premier Realty
$ 9,000,000
Est. payment | /mo
0.34 Acres Lot
$ 9,000,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26229556
Year Built 1975
Lot Size 0.341 Acres
Source California Regional MLS
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 Forced Air
Cooling Central AC
Laundry Other
Exterior
Garage Spaces 36.0
Pool None
Building
Water District - Public
Others
Tax ID 5696012020
Special Listing Condition Not Applicable
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