Active

420 W Windsor RD

GLENDALE CA, 91204

$13,499,000


$581.00 per sqft

Active

6 Beds

5 Baths

23,234 sqft

Condo

Built in 1987

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!

SR24026585MR

MLS ID

February 8, 2024

Listed

May 9, 2024

Updated

Map

420 W Windsor RD
GLENDALE CA, 91204

Interior Features

Total Stories

3


Bedrooms

6


Total Bathrooms

5


Appliances

Inside, Laundry Area, Refrigerator


Laundry Description

Inside, Laundry Area


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central, Forced Air

Exterior/Building Features

Lot Size

0.45 Acres


Architectual Style

Traditional


Sewer

Public Sewer

Other Property Details

Area Name

Glendale-South of 134 Fwy


Days on Market

13


Garage

No


Parking

Assigned


Parking Total

0


View

Yes


View Description

Hills, Trees/Woods, Valley


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

GLR4*

Listed by George Ouzounian with The Agency
Listing Contact: 818-900-4259 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Enrique Lizarazu shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/9/2024

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