333 RiverdaleGlendale, CA 91204

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1975

Stories

2

Building area

17,920 Sq Ft

Lot size

0.34 acres

Garage spaces

36

Parking spaces

36

Days on market

21

MLS^® Listing#

BB26229556

Property Features

Cooling

Central Air

Heating

Central

Pool

None

Laundry

Inside

Community

Curbs

Utilities

Electricity Available · Natural Gas Available · Sewer Connected · Water Available

Sewer

Public Sewer

Water source

Public

Parcel number

5696012020

Directions

Off of Central, near Colorado