2233 RIVERDALE Avenue, Los Angeles, CA 90031

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Property Description

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.

Additional Information

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Calculator source: Real Geeks

Listing courtesy of Adam Zunder from Keller Williams Studio City

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.