420 W Windsor Road, Property Listing: MLS® #SR24026585

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%. Dont miss out on the opportunity to purchase this exceptional building!

420 W Windsor Road, Property Listing: MLS® #SR24026585 Close
Page Summary
  • MLS® #: SR24026585
  • 420 W Windsor Road
  • , CA 91204
  • $13,499,000
  • 0.45 Acres
  • Office: The Agency

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%. Dont miss out on the opportunity to purchase this exceptional building!

Supplemental Remarks

Essential Information

  • MLS® #SR24026585
  • Listing Price$13,499,000
  • Original Listing Price$13,499,000
  • Date ListedFebruary 8th, 2024
  • Days on Market13
  • Bathrooms0.00
  • Acres0.45
  • Lot Sq.Ft.19,697
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address420 W Windsor Road
  • AreaGLENDALE (91204)
  • CountyLos Angeles
  • StateCA
  • Zip Code91204

Amenities

  • PoolN/K

Interior

  • HeatingForced Air Unit
  • CoolingCentral Forced Air
  • # of Stories3

Exterior

  • Lot DescriptionSidewalks
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Listing information last updated on March 1st, 2024 at 11:56am PST.