343 Riverdale Drive, Glendale, CA 91204

About this property

Large 7,897 SF value add 9-unit building in prime Glendale priced at only 332k/door and 379/SF. This property cash flows day one at 4% Cap Rate and 16.7 GRM with almost 30% upside to 6% Cap Rate and 12.8 GRM on the proforma. Delivered with 3 vacant units for immediate upside and renovations. Excellent Glendale location walking distance to The Americana & Glendale Galleria. Individually metered for Gas & Electricity. Brand New Roof.

Listing description from the May 2021 sale, as reported to CRMLS.

Sale history

$2,980,000

Sold May 2021 · listed $2,995,000, on market February 2021 · MLS #21698040 · Source: CRMLS

Listing Agent: Armin Soleimani · Listing Office: Global Platinum Properties, Inc. · Contact: 818-524-0706 · Bought with: Edvin Niazi · Regal Realty and Property Mana

$2,100,000

Sold December 2020 · listed $2,300,000, on market October 2020 · MLS #OC20228076 · Source: CRMLS

Listing Agent: Robert Dobbs · Listing Office: 661 Realty · Contact: 661-900-1918 · Bought with: Robert Dobbs · 661 Realty

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