343 Riverdale Dr, Glendale, CA 91204

$2,980,000
12
BD
12
BA
7,897
SqFt
Sold Price
$2,980,000
List Price
$2,995,000
Closing Date
May 14, 2021
MLS#
21-698040
Status
SOLD
Type
Multifamily
Bedrooms
12
Bathrooms
12
Living Area
7,897

Property 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.

Additional Information

Year Built
1962
Garage
Assigned, Covered Parking

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Global Platinum Properties, Inc., Armin Soleimani. Selling Office: .

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