20-Unit Townhouse-Style Apartment
For Sale
$9,000,000
333 Riverdale, Glendale, CA 91204
Each residence includes private laundry, central HVAC, and access to secure underground parking.
Property Size17,920 SF
Price / SF$502.23
Days on Market8
Property Features for 333 Riverdale
General Information
Standard status
Active
Size
17,920 SF
Property subtype
Apartment
Financials
Cap Rate
5.1%
Gross Rent Multiplier
13.91
Site & Location
Neighborhood
Glendale Galleria
Units
Unit Mix
20 x 2BR/1.5BA
Multifamily Units
20
Amenities
in-unit laundry
central HVAC
secure underground parking
storage rooms
Building Details
Building Size
17,920 SF
Year Built
1975
Listing Agency:
LA Premier Realty
Listed By:
David Nalbandyan · License #01869296
(855) 525-7653
Source:
Carolinakramer
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 3:12PM
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 LA Premier Realty
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Investment Insights
Based on property information with market context.
This 17,920-square-foot apartment property contains 20 townhouse-style residences, each configured with two bedrooms and one-and-a-half bathrooms. In-unit laundry and central HVAC serve every apartment, while secure underground parking includes 20 separate storage rooms of approximately 100 square feet each. Twelve residences were remodeled within the past two years, with updates to cabinetry, flooring, lighting, and appliances. The property was built in 1975 and reports a 5.10% cap rate and 13.91 GRM.
The Glendale address is within walking distance of The Americana at Brand. The garage storage rooms provide an additional building feature alongside the underground parking.
The Glendale address is within walking distance of The Americana at Brand. The garage storage rooms provide an additional building feature alongside the underground parking.
Key Highlights
- 20 two‑bedroom, one‑and‑a‑half‑bath townhouse‑style apartments
- 12 units remodeled within the past two years with updated cabinetry, flooring, lighting, and appliances
- Secure underground parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,282
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,745,640
$6.7M
Cap Rate 7%
$4,818,314
$4.8M
Cap Rate 9%
$3,747,578
$3.7M
Market Conditions
NOI Build-Up for 17,920 SF
Gross rent
$655.9K $36.60/SF
− Vacancy
−$42.6K −$2.38/SF
EGI
$613.2K $34.22/SF
− OpEx
−$276.0K −$15.40/SF
NOI
$337.3K $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%
$6,745,640
Cap Rate 7%
$4,818,314
Cap Rate 9%
$3,747,578
Alternative Uses
Best Use
Apartment 5plus
$4.82M
$4.22M – $5.62M
NOI $337,282 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.78M
$9.43M – $12.57M
NOI $754,428 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
20
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes private laundry, central HVAC, and access to secure underground parking.
Where is this apartment building located?
The property is located at 333 Riverdale Glendale, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 20 two‑bedroom, one‑and‑a‑half‑bath townhouse‑style apartments; 12 units remodeled within the past two years with updated cabinetry, flooring, lighting, and appliances; Secure underground parking
