2233 Riverdale Avenue

2233 Riverdale Avenue

Los Angeles, CA 90031

$4,600,000
Price
—
Beds
6,728 Sq. Ft.
$684 / Sq. Ft.
6,728
Sq. Ft.
$684
per Sq. Ft.
front view of a house with a window
a living room with furniture and a wooden floor
a living room with furniture and a dining table with kitchen view
a kitchen with a refrigerator and white cabinets
a kitchen with stainless steel appliances a refrigerator a stove a sink dishwasher and white cabinets with wooden floor
a kitchen with white cabinets and appliances
a bedroom with a bed and a lamp on table
a living room with furniture and a view of bathroom
a bathroom with a toilet sink and mirror
a bathroom with a sink a toilet and vanity
a view of bathroom with a sink and mirror
a view of a dining room with furniture and a window
a living room with furniture a clock potted plant and a window
a living room with furniture and a potted plant
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator and a couch
a kitchen with stainless steel appliances a refrigerator and a sink
a kitchen with stainless steel appliances a refrigerator a stove and a sink
a bedroom with a bed and a window
a bedroom with a bed and a chandelier
a bathroom with a sink a toilet and shower
a bathroom with a shower and a sink
a utility room with dryer and washer
a outdoor space with furniture
a view of outdoor space yard and patio
a front view of a building with a garden
a backyard of a house

Description

Introducing 2233 Riverdale Avenue - a prime 8-unit multifamily investment opportunity in the heart of Los Angeles! Nestled in Frogtown, around the corner from Silver Lake, this remarkable building is poised to deliver immediate returns for the savvy investor. The property has undergone a comprehensive renovation (including new electrical systems, plumbing, and roof) and now offers the perfect blend of modern comfort and unmatched location. Each of the eight units offers an inviting and comfortable...Introducing 2233 Riverdale Avenue - a prime 8-unit multifamily investment opportunity in the heart of Los Angeles! Nestled in Frogtown, around the corner from Silver Lake, this remarkable building is poised to deliver immediate returns for the savvy investor. The property has undergone a comprehensive renovation (including new electrical systems, plumbing, and roof) and now offers the perfect blend of modern comfort and unmatched location. Each of the eight units offers an inviting and comfortable living space, appealing to a wide range of tenants. The thoughtfully designed floor plans provide an efficient use of space for residents to relax and unwind. The modern finishes incorporated into each unit contribute to an elevated living experience, ensuring high tenant satisfaction and long-term occupancy. Additionally, the property features desirable amenities like secure gated entry and parking, central air conditioning, in-unit laundry, and an electric vehicle charger, further enhancing its appeal and marketability. With an incoming cap rate of nearly 5% and low operating costs bolstered by the recent renovations, buyers can enjoy peace of mind and steady revenue generated by this extremely low-maintenance building. Moreover, with an impending approval for a Tenancy in Common (TIC) structure, the potential for the individual sale of units (like condos) unlocks incredible future value and potential returns! With the demand for housing in Los Angeles higher than ever before, this forthcoming approval makes the property an even more enticing investment. With its strategic location, updated infrastructure, impressive revenue potential, and low-maintenance nature, 2233 Riverdale is poised to deliver exceptional returns for savvy investors. Don't miss out on this chance to acquire a turnkey investment with significant income and upside potential in one of Los Angeles' most desirable areas!
  1. Listed by Tobin Koziol • DRE #01901868 • Brokerage DRE #02107740 • Helix Real Estate Management • 8189741538

Property Details for 2233 Riverdale Avenue

Parking Spaces Total
16
Total Units
8.0
Lot Size Source
Assessor
Lot Size Dimensions
11089
Building Area Total
6728
Building Area Units
Square Feet
Stories Total
2
Entry Level
1

Location

Listing Courtesy of Helix Real Estate Management, Tobin Koziol, DRE #01901868
Add your commute
LISTING UPDATED: 10/09/2023 04:28 PM

Property Details for 2233 Riverdale Avenue

StatusActive
MLS #PF23113521
Days on Market311
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1972
Lot Size0.25 AC / 11,089 SF
CountyLos Angeles County

Location

Listing Courtesy of Helix Real Estate Management, Tobin Koziol, DRE #01901868
Add your commute

Building Information for 2233 Riverdale Avenue

Stories2Residences-Year Built1972Building Size-Lot Size0.25 AC / 11,089 SF

Payment Calculator

$28,463 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,104

Property Taxes

$3,359

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2233 Riverdale Avenue

Income / Expense / Tax Details
Income Details
  • Current Financing: Conventional
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, In Closet, Inside, Stackable, Washer Included
  • Laundry Equipment Own Lease: Own
  • Cooling: Central Air, ENERGY STAR Qualified Equipment, Humidity Control
  • Heating: Central, ENERGY STAR Qualified Equipment
Exterior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Gated Community, Security Lights, Security System, Smoke Detector(s)
  • Roof: See Remarks, Shingle
  • Fence: Yes
  • Fencing: Good Condition, Security, Wrought Iron
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Landscaped, Level with Street, Near Public Transit, Park Nearby, Paved, Sprinklers Drip System
  • Land Use: Multi-Family
  • Sprinklers: Yes
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 16
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 24
  • Unit Type Baths Total: 17
  • Unit Type Type: 1
Unit Information
  • Number Of Buildings: 1

Property History for 2233 Riverdale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2233 Riverdale Avenue

Taxable ValueLand$1,286,641Additions$1,933,162Total$3,219,803
Tax Record2023$40,308 ($3,359 / month)
Home Facts
Total Finished SqFt6,728 SqFtAbove Grade Finished SqFt6,728 SqFtLot Size11,089 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningLAR1CountyLOS ANGELESAPN5445-028-052

Schools near 2233 Riverdale Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Dorris Place Elementary School
Public - K to 6
Washington Irving Mid School Math Music and Engr Magnet
Public - 6 to 8
John Marshall Senior High School
Public - 9 to 12
Studio
Public - 6 to 8
Rating
School
Distance
Dorris Place Elementary School
PublicK to 6

Washington Irving Mid School Math Music and Engr Magnet
Public6 to 8

John Marshall Senior High School
Public9 to 12

Studio
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2233 Riverdale Avenue, Los Angeles, CA 90031

2233 Riverdale Avenue is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on June 28, 2023 by Helix Real Estate Management, it's currently listed at $4,600,000. It has been on the market for a total of 311 days and was last sold on September 5, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Dorris Place Elementary School, Washington Irving Mid School Math Music and Engr Magnet and John Marshall Senior High School. 2233 Riverdale Avenue is a 0-bed, 0-bath, 6,728 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Helix Real Estate Management, Tobin Koziol, DRE #01901868

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.