420 W Windsor Road, Glendale CA, 91204

Active

420 W Windsor Road

Glendale CA, 91204

$13,499,000

$581.00 per sqft

Active

23,234 sqft

Condo

Built in 1987

Listed by George Ouzounian with The Agency 424-230-3700

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!

SR24026585

MLSⓇ ID

February 8, 2024

Listed

March 28, 2024

Updated

Map

420 W Windsor Road
Glendale CA, 91204

Interior Features

Total Stories: 3
Interior Features: Balcony, Granite Counters, Open Floorplan, Unfurnished
Appliances: Gas Oven, Gas Range, Refrigerator
Laundry Description: Common Area, Inside
Floor Description: Laminate, Tile
Fireplace: Yes
Fireplace Description: None
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central, Forced Air

Exterior/Building Features

Lot Size: 0.45 Acres
Lot Features: 21-25 Units/Acre, Near Park
Architectual Style: Traditional
Sewer: Public Sewer

Other Property Details

Area Name: 628 - Glendale-South of 134 Fwy
Days on Market: 13
Garage: No
Parking: Assigned
Parking Total: 0
View: Yes
View Description: Hills, Mountain(s), Neighborhood, Valley, Trees/Woods
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: GLR4*
Buyer Agency Compensation: 1%

Listing Contact: 424-230-3700

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/28/2024 at 3:36 PM UTC