Presenting 420 W Windsor Rd – a remarkable opportunity to acquire a rare apartment building boasting 25 units in Glendale! Nestled on a charming tree-lined street just a few blocks away from the Americana and Griffith Park, and offering a convenient commute to downtown, this meticulously maintained property was constructed in 1987 on a spacious 2.25-acre lot (totaling 19,697 SF). Comprising (9) 1-bed, 1-bath, (12) 2-bed, 2-bath, and (4) 3-bed, 2-bath units, each equipped with central AC and eight units featuring balconies, this property provides a comfortable and attractive living space. Additionally, there is an existing unpermitted 1-bed, 1-bath unit on the ground level, currently utilized by the owners as office space and storage. Under the dedicated ownership and management of the current owner for nearly three decades, the rental rates have consistently experienced an annual increase of 4-7%. For added convenience, the owner is open to assisting with management for up to a year post-closing. The pro forma cap rate of 4.1% encompasses the scheduled rent increases in 2024 and the new assessed value of $13,499,000 at a rate of 1.25%. Don’t miss out on the opportunity to purchase this exceptional building!
Property Details
Price:
$12,499,000
MLS #:
SR24026585
Status:
Active
Baths:
0
Address:
420 W Windsor Road
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Feb 8, 2024
State:
CA
ZIP:
91204
Lot Size:
19,697 sqft / 0.45 acres (approx)
Year Built:
1987
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Mortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Gas Oven, Gas Range, Refrigerator
Cooling
Central Air
Fireplace Features
None
Flooring
Laminate, Tile
Heating
Central, Forced Air
Interior Features
Balcony, Granite Counters, Open Floorplan, Unfurnished
Exterior
Community Features
Biking, Hiking, Park, Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
21-25 Units/ Acre, Park Nearby
Parking Features
Assigned
Parking Spots
0.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
Hills, Mountain(s), Neighborhood, Trees/ Woods, Valley
Water Source
Public
Financial
Association Fee
0.00
Utilities
Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Available, Water Available
Map
Community
- Address420 W Windsor Road Glendale CA
- Area628 – Glendale-South of 134 Fwy
- CityGlendale
- CountyLos Angeles
- Zip Code91204
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Courtesy of The Agency. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
420 W Windsor Road
Glendale, CA
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