Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

343 Riverdale Drive . Pacific - Edison , CA 91204

Large 7,897 SF value add 9-unit building in prime Glendale priced at only 332k/door and 379/SF. Incredible 54% upside to Proforma Cap Rate of 6% and GRM of 12.8. Delivered with 1 vacant unit for immediate upside and renovations. For more information contact the listing agent ,arminsoleimani@gmail.com 310 666-2246

Posted: 01/19/2021 2:54 pm | On HOMEiZ: 1192 days | Updated: 2 years ago | Views: 1263

Location Map

Property Type

Sold

Property Price

$2980000
$2980000
05/14/2021
10,224.00 Sq. Ft.
$377
7897
Contact listing agent%
3.27%
$0
$97446
19.77
1.25%
$37250

Property Location & Description

Large 7,897 SF value add 9-unit building in prime Glendale priced at only 332k/door and 379/SF. Incredible 54% upside to Proforma Cap Rate of 6% and GRM of 12.8. Delivered with 1 vacant unit for immediate upside and renovations. For more information contact the listing agent ,arminsoleimani@gmail.com 310 666-2246
Rent Control
Large 7,897 SF value add 9-unit building in prime Glendale priced at only 332k/door and 379/SF. Incredible 54% upside to Proforma Cap Rate of 6% and GRM of 12.8. Delivered with 1 vacant unit for immediate upside and renovations.
Excellent Glendale location walking distance to The Americana & Glendale Galleria.
9
$331111
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
6 
 
$1260
2.
2+2 
3 
 
$1689
3.
 
 
 
4.
 
 
 
5.
 
 
 
6004-031-040
99%
Other
2
1950
Very good
Individually metered for Gas & Electricity.
Large value add 9 unit building in Prime Glendale price at only 330k/door and 376k/SF
Incredible Proforma Cap Rate of 6% and GRM of 12.7 after renovations
Excellent Glendale location walking distance to The Americana & Glendale Galleria
Carport Parking in the back
Brand New Roof.

Property Information

Sewer

Sewer System (Public)

Parking

Carport
On-street
Assigned Parking
8

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2575
Sold

For Sale

$2,980,000

Listing Presented by

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