463 Riverdale Drive

Glendale, CA 91204

$3,495,500
Price
18
Beds
9
Baths
5,616 Sq. Ft.
$622 / Sq. Ft.
5,616
Sq. Ft.
$622
per Sq. Ft.

Description

9 units with stamped plans & paid permits for a complete remodel of each unit. This is a remodel value add and stabilization opportunity. There's enough space on the 21,072 SF lot at rear of property for 2 or more ADUs (Buyers to verify). All units are on grade bungalow style 2 bedrooms 1 bathroom layouts. One of the units is vacant. Agreements are in place for 3 additional units to be relocated. The property is South of Colorado Blvd near the Americana, Atwater Village & Downtown Los Angeles.9 units with stamped plans & paid permits for a complete remodel of each unit. This is a remodel value add and stabilization opportunity. There's enough space on the 21,072 SF lot at rear of property for 2 or more ADUs (Buyers to verify). All units are on grade bungalow style 2 bedrooms 1 bathroom layouts. One of the units is vacant. Agreements are in place for 3 additional units to be relocated. The property is South of Colorado Blvd near the Americana, Atwater Village & Downtown Los Angeles.
  1. Listed by Aram Gaboudian • DRE #01493911 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 463 Riverdale Drive

Zoning
GLR4YY
Parcel Number
5696010006
Total Units
9.0
Living Area
5616
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
1
Lot Size Area
21072
LISTING UPDATED: 11/06/2024 12:01 AM

Property Details for 463 Riverdale Drive

StatusActive
MLS #24-458511
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.48 AC / 21,072 SF
CountyLos Angeles County

Building Information for 463 Riverdale Drive

Stories1Residences-Year Built1922Building Size-Lot Size0.48 AC / 21,072 SF

Property Information for 463 Riverdale Drive

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 9
  • Type Of Units: Bungalows
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4837
  • Lot Size Square Feet: 21072
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 0
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $10,000.00
  • Unit Projected Rent: $28,000.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $832,320.00
  • Assessed Improvement Percent: 32.0
  • Assessed Land Value: $1,768,680.00
  • Assessed Land Percent: 68
  • Assessed Total Value: $2,601,000.00

Property History for 463 Riverdale Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 463 Riverdale Drive

Taxable ValueLand$1,900,000Additions$830,000Total$2,730,000
Tax Record2024$30,913 ($2,576 / month)
Home Facts
Total Finished SqFt5,616 SqFtAbove Grade Finished SqFt5,616 SqFtLot Size21,065 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningGLR4YYCountyLOS ANGELESAPN5696-010-006

Schools near 463 Riverdale Drive

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Cerritos Elementary School
PublicK to 6

Theodore Roosevelt Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Thomas Edison Elementary School
PublicK to 6

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.

Similar Homes

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463 Riverdale Drive is a multi-family home for sale in Glendale, CA 91204. This property was listed for sale on October 29, 2024 by Keller Williams Downtown LA, it's currently listed at $3,495,500. It has been on the market for a total of 23 days and was last sold on September 18, 2023. This listing's school district is Glendale Unified School District. Nearby schools include Cerritos Elementary School, Theodore Roosevelt Middle School and Herbert Hoover High School. 463 Riverdale Drive is a 18-bed, 9-bath, 5,616 sqft multi-family home built in 1922.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Aram Gaboudian, DRE #01493911

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.