Active
420 W Windsor Road
Glendale CA, 91204
$12,499,000
$537.96 per sqft
Active
23,234 sqft
Condos
Built in 1987
Listed by George Ouzounian with The Agency 818-900-4259
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
October 17, 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
No
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
245
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*
Listing History
Date | Event | Price |
|---|---|---|
10/10/2024 | Price change | $12,499,000 -4% |
9/3/2024 | Price change | $12,999,000 -4% |
Listing Contact: 424-230-3700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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.
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Data last updated on 10/17/2024 at 2:40 PM UTC