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421 Riverdale Drive
Glendale, CA 91204


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Property Remarks

For several years, current management has been operating theasset as short term furnished rentals with all utilities included, commanding monthly rents averaging over $2,300 per unit in the last 12 months (including vacancy factor), with all utilities included. There is significant additional revenue from parking and garage income. Roughly 89% of rentals in the past twelve months have consisted of month-to-month tenancies, as management has gradually transitioned to 30-day minimum executive stays. parking income, with all utilities except water paid by tenants.Units are separately metered for gas and electricity and haveindividual water heaters.0 per unit in the last 12 months (including vacancy factor), with all utilities included. Th

Property Details

MLS#
17297650
Days on Market
27
Year Built
1926
Stories
1
Building/Living Area (sq ft)
7,570
Source of SqFt
Public Records
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Glendale-South of 134 Fwy (628)

Presented By:

Listing provided courtesy of Darin Spillman , Hudson Commercial Partners, Inc.


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Other
Cooking Appliances
Range
Equip/Appliances
Refrigerator

Additional Property Details

Number of Units
16
Parking Spaces
21
Number of Buildings
3
Gross Operating Income
$453,713
Total Expense
$116,722
ADA Compliance
No

AC/Cooling
Wall Unit(S)
Ceiling Fan(S)
Parking
Garage - Single Door

Glendale

One of the biggest cities within Los Angeles County, Glendale is an entity unto itself attracting big business, high-end shopping and a vibrant and active community.

Real Estate: Originally built out as a bedroom community with many single-family residences, Glendale real estate has expanded to include many condo and townhome developments. Neighborhoods include Adams Hill, Moorpark, Glenoaks Canyon, and Rossmoyne. Houses for sale here range from traditional Spanish and Craftsman to newer modern architecture.

Community Life: Glendale has many big city attractions. Americana at Brand offers world-class shopping and fine-dining in a luxurious outdoor setting. The retail experience goes on at the nearby Glendale Galleria and all along Brand Boulevard which is also home to the historic Alex Theater.

Education: This area is served by the Glendale Unified School District. Local elementary schools include Balboa Elementary, Cerritos Elementary, Horace Mann Elementary, and John Muir Elementary. There are three public middle schools in Glendale and two high schools as well as a continuing education high school and a home independent study program. Glendale Community College has a college-credit enrollment of about 25,000 day and evening students, and approximately 10,000 others are reached through the adult education program.

Transportation: Glendale is easily accessed by the 134, 2, and 5 Freeways. The Glendale Beeline offers transportation throughout the city. The Larry Zarian Transportation Center is an Amtrak and Metrolink rail station.

Local Attractions: Forest Lawn Memorial Park is a draw for being the resting place of many celebrities including Michael Jackson and it also features an art museum. Beautiful Brand Park includes the Brand Library &Art Center.

Community Explorer

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