$3,249,000
About this home
Discover an exceptional investment opportunity at 337 Riverdale Drive in the heart of Glendale. This well-maintained, 11-unit multifamily building offers a prime location and consistent rental income potential in one of the city's most sought-after neighborhoods. Key Features: - **11 Units**: A diverse mix of spacious 1 and 2-bedroom apartments, catering to a variety of tenants and maximizing occupancy potential. - **Prime Location**: Situated in a vibrant, centrally located area of Glendale, residents will enjoy easy access to local shops, dining, public transportation, and top-rated schools. The property is also within minutes of major freeways, making commuting to surrounding areas a breeze. - **Strong Rental Demand**: With a growing population and thriving community, Glendale continues to see strong rental demand. This property offers an attractive income stream, with room for potential rent increases in the future. - **Well-Maintained Building**: The building is in great condition, with recent updates and thoughtful maintenance ensuring minimal immediate investment needs. It features spacious units, parking, and common areas that appeal to tenants. - **Stable Income**: With fully leased units and consistent rental history, this multifamily building offers stability and strong cash flow for investors. Whether you are an experienced investor looking to add a reliable asset to your portfolio or a newcomer seeking a prime rental property, 337 Riverdale is an opportunity not to be missed. Contact us today to learn more!
Facts & features
- Laundry
- Common Area
- Lot size
- 0.229 acres (9,982 sq ft)
- Pool
- None
- Year built
- 1963
- Parking spaces
- 4
- Area
- 628 - Glendale-South of 134 Fwy
- County
- Los Angeles
- Community features
- Street Lights
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2025-03-31
- Original price
- $3,495,000
- Terms
- Cash To New Loan
- Parcel #
- 5696012019
- MLS #
- GD26153956
