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333 Riverdale Dr 20 Unit Apartment Building $9,000,000 ($450,000/Unit) 4.75% Cap Rate Glendale, CA 91204
INVESTMENT HIGHLIGHTS
- In-Unit Laundry & Central AC
- Prime Glendale- Walking Distance to Gelndae
- 8 units fully remodeled in the last year,
- Large Storage Rooms in Parking Lot
- Townhouse Style Units
- Roof Replaced in 2020
EXECUTIVE SUMMARY
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. Eight units have been fully remodeled within the past year, featuring new cabinetry, flooring, lighting, and appliances. The roof was replaced in 2020, ensuring low maintenance and long-term durability. In addition, the property offers large storage rooms located within the parking area, providing additional rental income potential and enhanced convenience for tenants.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $9,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $450,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 4.75% | Building Size | 20,204 SF |
| Gross Rent Multiplier | 14.9 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 1.78/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | GLR4* | ||
| Price | $9,000,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| Gross Rent Multiplier | 14.9 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 20,204 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | GLR4* |
AMENITIES
SITE AMENITIES
- Gated
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 20 | $2,619 | 895 |
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Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5696-012-020 | Total Assessment | $7,140,000 (2025) |
| Land Assessment | $3,876,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,264,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5696-012-020
Land Assessment
$3,876,000 (2025)
Improvements Assessment
$3,264,000 (2025)
Total Assessment
$7,140,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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333 Riverdale Dr
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