For Sale
2233 Riverdale Avenue, Los Angeles, CA 90031
  • $4,600,000
  • $684


Property ID: HZ8643322
  • Commercial Sale
  • Property Type
  • 1972
  • Year Built


Introducing 2233 Riverdale Avenue – a prime 8-unit multifamily investment opportunity in the heart of Los Angeles! Nestled in Frogtown, around the corner from Silver Lake, this remarkable building is poised to deliver immediate returns for the savvy investor. The property has undergone a comprehensive renovation (including new electrical systems, plumbing, and roof) and now offers the perfect blend of modern comfort and unmatched location.

Each of the eight units offers an inviting and comfortable living space, appealing to a wide range of tenants. The thoughtfully designed floor plans provide an efficient use of space for residents to relax and unwind. The modern finishes incorporated into each unit contribute to an elevated living experience, ensuring high tenant satisfaction and long-term occupancy. Additionally, the property features desirable amenities like secure gated entry and parking, central air conditioning, in-unit laundry, and an electric vehicle charger, further enhancing its appeal and marketability.

With an incoming cap rate of nearly 5% and low operating costs bolstered by the recent renovations, buyers can enjoy peace of mind and steady revenue generated by this extremely low-maintenance building. Moreover, with an impending approval for a Tenancy in Common (TIC) structure, the potential for the individual sale of units (like condos) unlocks incredible future value and potential returns! With the demand for housing in Los Angeles higher than ever before, this forthcoming approval makes the property an even more enticing investment.

With its strategic location, updated infrastructure, impressive revenue potential, and low-maintenance nature, 2233 Riverdale is poised to deliver exceptional returns for savvy investors. Don’t miss out on this chance to acquire a turnkey investment with significant income and upside potential in one of Los Angeles’ most desirable areas!

  • Address 2233 Riverdale Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90031
  • Area C21 - Silver Lake - Echo Park
  • Country United States


Updated on October 10, 2023 at 11:24 am
  • Property ID: HZ8643322
  • Price: $4,600,000
  • Land Area: 11089.00 Sqft
  • Year Built: 1972
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 6728.00
  • Living Area Prefix: Sqft
  • MLS#: PF23113521
  • Agent Name: Tobin Koziol
  • MLS Status: Active
  • Agent State License: 01901868
  • IDX Contact Info: 8189741538

Additional details

  • Roof: See Remarks,Shingle
  • Cooling: Central Air,ENERGY STAR Qualified Equipment,Humidity Control
  • Heating: Central,ENERGY STAR Qualified Equipment
  • County: Los Angeles
  • Property SubType: Multi Family
  • Parking: 16.00
  • Water Source: Public

Mortgage Calculator

  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI

Schedule a Tour

Your information

What's Nearby?

Please supply your API key Click Here

Contact Information

View Listings
Lianna Shahinyan

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Similar Listings

Compare listings

Lianna Shahinyan
  • Lianna Shahinyan