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420 Windsor Road

Glendale, CA 91204

$13,499,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $581 / sqft

1987

calendar_month Built

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!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate, Tile
Fireplace Information
Features None
Interior Information
Features Balcony, Granite Counters, Open Floorplan, Unfurnished
Cooling Type Central Air

Listing Information

Address 420 Windsor Road
City Glendale
State CA
Zip 91204
County Los Angeles
Listing Agent George Ouzounian DRE#01948763
Co-Listing Agent Grigor Aleksanian DRE#02069401
Courtesy Of The Agency
MLS SR24026585
List Price $13,499,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 19,697
Year Built 1987
DOM 13

Exterior Information

Maps

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king_bed N/A
shower N/A
straighten N/A
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Listing information courtesy of: George Ouzounian, Grigor Aleksanian, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 21st, 2024 at 3:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.