420 West Windsor RoadGlendale, California91204United States
$13,499,000
Residential Income
1 of 20
Get directions
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...
$13,499,000
.4522 Acres
Exterior
Residential Income
Property type
1987
Year Built
SR24026585
Web Id
SR24026585
MLS ID
Glendale Unified
School District
82
days ago
About 420 West Windsor Road
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!
Listing Courtesy of The Agency, Email/Phone : 818-900-4259
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Amenities
Balcony
Refrigerator
Tile Flooring
Mountain View
features
cooling
Central Heat, Propane Heating, Central Air
Parking
Assigned Parking
lot description
Valley / Canyon View
Community
Sidewalks
Style
Traditional
PROPERTY INFORMATION
Appliances
GasOven, GasRange, Refrigerator
Community Info
Biking, Hiking, StreetLights, Sidewalks, Park
Cooling
CentralAir
Garage Info
0
Heating
Central, ForcedAir
Parking Description
Assigned
Sewer
PublicSewer
Style
Traditional
View
Hills, Mountains, Neighborhood, Valley, TreesWoods