Property profile

Riverdale, CA 93656

OFF-MARKET
Commercial real estate
2,848 SF 0.24 ac lot Built 1952
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Property summary

AI-generated overview

This exceptional 2,848 square foot property, situated on a 0.24-acre lot in Riverdale, CA, presents a unique investment opportunity. Currently zoned R1, the property offers significant flexibility for a variety of uses. Imagine transforming this space into a thriving two-unit single-family dwelling, perfectly suited for rental income or owner-occupied living. Alternatively, its zoning allows for a wide range of commercial ventures, including a church, charter school, community center, event space, or daycare facility. The possibilities are virtually limitless. The building has recently undergone a comprehensive renovation, boasting a brand-new roof, fresh flooring throughout, updated interior and exterior paint, and new ceiling tiles. This meticulous attention to detail ensures a move-in ready condition, minimizing upfront costs and maximizing immediate return on investment. The seller is motivated and open to considering seller financing options, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a versatile property in a desirable location with significant upside potential. Don't miss this opportunity to secure a valuable asset in a growing market. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Commercial real estate
Year built 1952
Total area 2,848 SF
Lot 0.24 ac (10,454 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Riverdale, CA 93656
Riverdale metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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