343 Riverdale Drive
343 Riverdale Drive
$2,980,000
12
12
7,897
7,897
$377
Sold 5/14/21
Description
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.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.
- Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 343 Riverdale Drive
Zoning
GLR4YY
Parcel Number5696012018
Total Units9.0
Living Area7897
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy Rate0
Lot Size Area10224
Location
LISTING UPDATED: 05/14/2021 04:03 PM
Property Details for 343 Riverdale Drive
Status | Sold |
---|---|
MLS # | 21-698040 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.23 AC / 10,224 SF |
County | Los Angeles County |
Location
Building Information for 343 Riverdale Drive
Stories-Residences-Year Built1962Building Size-Lot Size0.23 AC / 10,224 SF
Payment Calculator
$19,147 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 343 Riverdale Drive
Property History for 343 Riverdale Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 343 Riverdale Drive
Taxable ValueLand$2,184,840Additions$897,544Total$3,082,384
Tax Record2023$34,604 ($2,884 / month)
Home Facts
Total Finished SqFt7,897 SqFtAbove Grade Finished SqFt7,897 SqFtLot Size10,224 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningGLR4YYCountyLOS ANGELESAPN5696-012-018
Schools near 343 Riverdale Drive
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 10 |
Rating | School | Distance |
---|---|---|
Cerritos Elementary School PublicK to 6 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Herbert Hoover High School Public9 to 12 | ||
Jewel City Community Day School Public7 to 10 |
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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