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Property Description

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!

Features
: Central, Forced air
: Central Air
: Hills, Mountain(s), Neighborhood, Trees/woods, Valley
3
: Inside, Common Area
0
: Sidewalks, Street Lights, Park, Biking, Hiking
: Traditional
Additional Information
The Agency
0
SR207060720
SR2944002
George
5696019044
: Standard
Three Or More
35

Multi-Family For Sale

420 Windsor Road, Glendale, California 91204

23,234 Sqft
$12,999,000
Listing ID #SR24026585
Basic Details
Status : Active
DaysOnMarket : 208
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SR24026585
Price : $12,999,000
Living Area : 23,234 Sqft
Lot Size : 19,697 Sqft
Year Built : 1987
Country : US
State : California
County : Los Angeles
City : Glendale
Zipcode : 91204
Price Per Square Foot : $559
ModificationTimestamp : 2024-09-03 12:09:35
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