14-Unit Apartment
327 Riverdale, Glendale, CA 91204
For Sale
$3,950,000
Three-building multifamily property with single and tandem parking near Glendale Galleria Mall and Americana Shopping Center.
Property Size8,255 SF
Days on Market83
Property Features for 327 Riverdale
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Realty
Listed By:
Steve Kwon · License #01453193
(626) 221-5759
Source:
Milsteinestates
Added: Aug 19
Changed: Nov 7
Last Checked: Nov 8 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This multifamily property at 327 Riverdale in Glendale includes three separate buildings on a large lot. The configuration totals 14 units, consisting of 13 units plus one nonconforming unit. The property was built in 1952 and includes 14 parking spaces arranged in single and tandem formats.
The 14th unit’s status should be confirmed with the City of Glendale, as municipal permits may identify it as a legal unit. The property is within walking distance of Glendale Galleria Mall and Americana Shopping Center, with downtown Glendale also nearby. The address places the asset in Glendale, California 91204.
The 14th unit’s status should be confirmed with the City of Glendale, as municipal permits may identify it as a legal unit. The property is within walking distance of Glendale Galleria Mall and Americana Shopping Center, with downtown Glendale also nearby. The address places the asset in Glendale, California 91204.
Key Highlights
- 14 total units across 3 buildings, including 13 units plus 1 nonconforming unit
- 14 parking spaces with single and tandem arrangements
- 1952 construction on a large lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,372
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,107,440
$3.1M
Cap Rate 7%
$2,219,600
$2.2M
Cap Rate 9%
$1,726,356
$1.7M
Market Conditions
NOI Build-Up for 8,255 SF
Gross rent
$302.1K $36.60/SF
− Vacancy
−$19.6K −$2.38/SF
EGI
$282.5K $34.22/SF
− OpEx
−$127.1K −$15.40/SF
NOI
$155.4K $18.82/SF
Area
Glendale, CA
Vacancy
6.50%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,107,440
Cap Rate 7%
$2,219,600
Cap Rate 9%
$1,726,356
Alternative Uses
Best Use
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,372 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,533 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
6,444
Businesses Nearby
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Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Glendale, CA
Properties on Market for Apartment buildings in Glendale
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily property with single and tandem parking near Glendale Galleria Mall and Americana Shopping Center.
Where is this apartment building located?
The property is located at 327 Riverdale Glendale, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 14 total units across 3 buildings, including 13 units plus 1 nonconforming unit; 14 parking spaces with single and tandem arrangements; 1952 construction on a large lot
