3900 East Riverdale Avenue
3900 East Riverdale Avenue
$1,274,200
6
6
3,413
3,413
$373
Sold 4/7/23
Description
We are proud to exclusively present for sale this 4-unit multifamily property located at 3900 E Riverdale Ave, Anaheim. It is a two-story, four-unit apartment building bordering the desirable areas of Anaheim Hills and Orange. The building totals 3,414 square feet and is situated on 9,880 square foot lot. Originally built in 1964, this multifamily asset has ideal unit mix of two 2-bedroom/1.5-bathroom units and two 1-bedroom/1-bathroom units. Three of the units have upgraded wood laminate flooring...We are proud to exclusively present for sale this 4-unit multifamily property located at 3900 E Riverdale Ave, Anaheim. It is a two-story, four-unit apartment building bordering the desirable areas of Anaheim Hills and Orange. The building totals 3,414 square feet and is situated on 9,880 square foot lot. Originally built in 1964, this multifamily asset has ideal unit mix of two 2-bedroom/1.5-bathroom units and two 1-bedroom/1-bathroom units. Three of the units have upgraded wood laminate flooring and kitchen. The building includes five covered parking spots, a laundry room with landlord-owned machines, and a large storage room. Each unit is separately metered for gas and electricity. The property also has attractive curb appeal with a freshly painted exterior. While the current ownership has diligently maintained the property, the current ownership has not been aggressive in increasing rents. With current rents at least 20% below market, a new owner is presented with the opportunity to realize upside potential on the investment returns by increasing rents to meet the market. There are no local rent control restrictions for city of Anaheim (subject to AB 1482). 3900 E. Riverdale Ave. is within close proximity to Disneyland, Cal State Fullerton, Chapman University, Angel Stadium, Walmart, Kaiser Permanente Anaheim, and many more. Tenants also have easy access to the 91/55 freeways and Metro stations. The property offers an investor the rare opportunity to own an apartment property with real upside potential and to hedge against high inflation in the desirable city of Anaheim.
- Listed by Edward Pan • DRE #01894476 • Brokerage DRE #01895979 • Colliers International Greater Los Angel
Property Details for 3900 East Riverdale Avenue
Parcel Number
36026401
Total Units4.0
Living Area3413
Source Living AreaVendor Enhanced
AreaAnaheim Hills (77)
Vacancy Rate0
Lot Size Area10019
Source Lot Size AreaVendor Enhanced
Location
LISTING UPDATED: 04/10/2023 04:11 PM
Property Details for 3900 East Riverdale Avenue
Status | Sold |
---|---|
MLS # | 23-245480 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.23 AC / 10,019 SF |
County | Orange County |
Location
Building Information for 3900 East Riverdale Avenue
Stories2Residences-Year Built1964Building Size-Lot Size0.23 AC / 10,019 SF
Payment Calculator
$8,006 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3900 East Riverdale Avenue
Property History for 3900 East Riverdale Avenue
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 3900 East Riverdale Avenue
Taxable ValueLand$963,932Additions$134,071Total$1,098,003
Tax Record2023$12,625 ($1,052 / month)
Home Facts
Total Finished SqFt3,414 SqFtAbove Grade Finished SqFt3,414 SqFtStories2Lot Size9,850 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN360-264-01
Schools near 3900 East Riverdale Avenue
This home is within Orange Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Olive Elementary School PublicK to 6 | ||
Cerro Villa Middle School Public7 to 8 | ||
Villa Park High School Public9 to 12 | ||
Richland Continuation High School Public9 to 12 |
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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