420 W Windsor Road
Glendale, CA 91204
0.45 acres | #SR24026585
Description
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
- Utility FeaturesCableAvailable, ElectricityAvailable, NaturalGasConnected, PhoneAvailable, SewerAvailable, WaterAvailable
- InteriorBalcony, GraniteCounters, OpenFloorplan, Unfurnished
- ViewHills, Mountains, Neighborhood, Valley, TreesWoods
- Lot DescriptionTwentyOneToTwentyFiveUnitsAcre, NearPark
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$13,499,000
- MLS #SR24026585
- MLS #SR24026585
- Property SubtypeApartment
- Cost12499000
- Acres0.4522
- Utility SourcePublic
- Year Built1987
- Stories3
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: George Ouzounian (#SR207060720)
Listing Office: The Agency (#SR2944002)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
