Anaheim, CA 92807,3900 E Riverdale Ave
Anaheim, CA 92807,3900 E Riverdale Ave
Anaheim, CA 92807,3900 E Riverdale Ave
13
$1,274,200
$1,320,000
3.5%
Est.Price: ?

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6 BD
6 BA
3,413 SqFt

3900 E Riverdale Ave Anaheim, CA 92807

Est. payment /mo
SOLD DATE : 04/07/2023

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Key Details

Sold Price $1,274,200

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 3,413 sqft

Price per Sqft $373

MLS Listing ID 23-245480

Sold Date 04/07/23

Bedrooms 6

Construction Status Updated/Remodeled

Year Built 1964

Lot Size 10,019 Sqft

Acres 0.23

Property Description

We are proud to exclusively present for sale this 4-unit multifamily property located at 3900 E Riverdale Ave, Anaheim. It is a two-story, four-unit apartment building bordering the desirable areas of Anaheim Hills and Orange. The building totals 3,414 square feet and is situated on 9,880 square foot lot. Originally built in 1964, this multifamily asset has ideal unit mix of two 2-bedroom/1.5-bathroom units and two 1-bedroom/1-bathroom units. Three of the units have upgraded wood laminate flooring and kitchen. The building includes five covered parking spots, a laundry room with landlord-owned machines, and a large storage room. Each unit is separately metered for gas and electricity. The property also has attractive curb appeal with a freshly painted exterior. While the current ownership has diligently maintained the property, the current ownership has not been aggressive in increasing rents. With current rents at least 20% below market, a new owner is presented with the opportunity to realize upside potential on the investment returns by increasing rents to meet the market. There are no local rent control restrictions for city of Anaheim (subject to AB 1482). 3900 E. Riverdale Ave. is within close proximity to Disneyland, Cal State Fullerton, Chapman University, Angel Stadium, Walmart, Kaiser Permanente Anaheim, and many more. Tenants also have easy access to the 91/55 freeways and Metro stations. The property offers an investor the rare opportunity to own an apartment property with real upside potential and to hedge against high inflation in the desirable city of Anaheim.

Location

State CA

County Orange

Area Anaheim Hills

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Ceiling Fan, Range/Oven

Laundry Laundry Area

Exterior

Parking Features Assigned, Covered Parking

Garage Spaces 5.0

Building

Story 2

Water District

Level or Stories Two, One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Colliers International Greater Los Angel
Bought with Skyline Commercial Real Estate

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Herman Singh

Broker

+1(310) 625-6175

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