463 Riverdale DR Glendale, CA 91204

Unique 9 unit two bedroom detached bungalows in Glendale on a large 21,065 SF lot. The lot offers plenty of room to add 2 ADUs and Jr ADUs. Current rents are significantly under market at a very low $1,250 a month for 8 of the units totaling $120,000 a year. One of the units is vacant and needs a complete remodel after a recent fire. Rents in the area for a 2 bedroom unit can be $2,500 a month. With some work on the property current rents can potentially double. The property is South of Colorado Blvd near the Americana, Atwater Village & Downtown Los Angeles.