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

May 25, 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 5/25/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:23 AM UTC

 

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