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3900 Riverdale Avenue
Anaheim, CA 92807
Sold
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.
PROPERTY INFORMATION
| MLS # | 23245480 | Lot Size | 10,019 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,320,000
Price Per SqFt: $ 387 |
DOM | 681 Days |
| Address | 3900 Riverdale Avenue | Type | Residential Income |
| City | Anaheim | Sq.Ft. | 3,413 Sq. Ft. |
| Postal Code | 92807 | Garage | N/A |
| County | Orange | Year Built | 1964 |
| Bed / Bath | 6 / 0 | Parking | 5 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2023-04-07 |
INTERIOR FEATURES
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| InteriorFeatures Information | Ceiling Fan(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,408
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/07/2023 | Sold | $1,274,200 |
| 03/24/2023 | Active Under Contract | $1,320,000 |
| 03/01/2023 | Listed | $1,320,000 |
Carl Lofton II
REALTOR®
(949)-348-9564
Questions? Contact today.
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Listing provided courtesy of Edward Pan, Colliers International Greater Los Angel. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
