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332 Riverdale Dr 30 Unit Apartment Building $7,600,000 ($253,333/Unit) 4.20% Cap Rate Glendale, CA 91204
INVESTMENT HIGHLIGHTS
- 4 Blocks to The Americana
- Upside Potential
EXECUTIVE SUMMARY
We are pleased to list this 16 (332 Riverdale Dr.) & 14 (336 Riverdale Dr.)unit apartment building built in 1963/1974 This property consists of great mix of (26) 1+1 and (4) 2+1.5 units with separate gas and electric meters. This property is located only 4 blocks from The Americana along with close proximity to Freeways, Parks, Shopping and Restaurants. 332 & 336 Riverdale Dr. can be sold together or seperately.
PROPERTY FACTS
| Price | $7,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $253,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.20% | Building Size | 21,586 SF |
| Gross Rent Multiplier | 13.91 | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Zoning | R4 | ||
| Price | $7,600,000 |
| Price Per Unit | $253,333 |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Gross Rent Multiplier | 13.91 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 21,586 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | $1,615 | - |
| 2+1.5 | 4 | $1,668 | - |
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Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5696-013-014 | Improvements Assessment | $1,169,027 |
| Land Assessment | $1,450,121 | Total Assessment | $2,619,148 |
PROPERTY TAXES
Parcel Number
5696-013-014
Land Assessment
$1,450,121
Improvements Assessment
$1,169,027
Total Assessment
$2,619,148
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332 Riverdale Dr
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