463 Riverdale Drive, Glendale, CA 91204

About this property

Unique 9 unit two bedroom detached bungalows in Glendale on a large 21,065 SF lot. The lot offers plenty of room to add 2 ADUs and Jr ADUs. Current rents are significantly under market at a very low $1,250 a month for 8 of the units totaling $120,000 a year. One of the units is vacant and needs a complete remodel after a recent fire. Rents in the area for a 2 bedroom unit can be $2,500 a month. With some work on the property current rents can potentially double. The property is South of Colorado Blvd near the Americana, Atwater Village & Downtown Los Angeles.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$2,730,000

Sold September 2023 · listed $2,649,000, on market August 2023 · MLS #23299115 · Source: CRMLS

Listing Agent: Aram Gaboudian · Listing Office: Keller Williams Los Angeles · Contact: 626-593-7560 · Bought with: Jeff Curtis · Keller Williams Realty Hollywood Hills

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