3900 East Riverdale Avenue

Anaheim, CA 92807

$1,274,200
Last Sold Price
6
Beds
6
Baths
3,413 Sq. Ft.
$373 / Sq. Ft.
3,413
Sq. Ft.
$373
per Sq. Ft.

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.
  1. 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 Units
4.0
Living Area
3413
Source Living Area
Vendor Enhanced
Area
Anaheim Hills (77)
Vacancy Rate
0
Lot Size Area
10019
Source Lot Size Area
Vendor Enhanced

Location

Listing Courtesy of Colliers International Greater Los Angel, Edward Pan, DRE #01894476

Sold By Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950

Add your commute
LISTING UPDATED: 04/10/2023 04:11 PM

Property Details for 3900 East Riverdale Avenue

StatusSold
MLS #23-245480
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.23 AC / 10,019 SF
CountyOrange County

Location

Listing Courtesy of Colliers International Greater Los Angel, Edward Pan, DRE #01894476

Sold By Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950

Add your commute

Building Information for 3900 East Riverdale Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$8,006 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,954

Property Taxes

$1,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3900 East Riverdale Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Property Condition: Updated/Remodeled
  • Water: District
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $72,290
  • Net Operating Income: $47,655.00
  • Gross Income: $74,495
  • Gross Rent Multiplier: $17.96
  • Actual Annual Gross Rent: $73,500.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 24635
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.23
  • Lot Size Square Feet: 10019
  • Lot Size Dimensions: 95x104
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Covered Parking
  • Total Parking: 5
  • Covered Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Assigned, Covered
Interior Features
Interior Features
  • Levels: Two, One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-01-2023
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,463.00
  • Unit Actual Rent: $2,925.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $131,443.00
  • Assessed Improvement Percent: 12.21
  • Assessed Land Value: $945,031.00
  • Assessed Land Percent: 87.79
  • Assessed Total Value: $1,076,474.00

Property History for 3900 East 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 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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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 Colliers International Greater Los Angel, Edward Pan, DRE #01894476

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.