Riverdale, CA 93656
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.