420 W Windsor Road
Glendale, CA, 91204
$12,499,000
Beds
0 Baths
SqFt
0.45 Acres
Add
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
Ask a Question

See this Listing

Send
  

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

Similar Listings Nearby

420 W Windsor Road
Glendale, CA