We are pleased to present this 8-Unit apartment building, 2233 Riverdale Ave, conveniently located in the Northeast LA, just minutes from Downtown, Elysian Park, and Griffith Park. The property was built in 1972 and features ample parking. The building is priced at approx. an attractive 7.3% cap rate (once the vacancies are renovated and leased). This property appeals to savvy investors who can achieve high cash flow through renovations.The Property is 100% Vacant. Seller will deliver RTI permits for unit conversions to 3 Bedrooms. The property has 16 parking spaces and sits on a large 11,088 parcel. Please contact listing agent for full marketing package.
Listing courtesy of Adam Zunder from Keller Williams Studio City
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