Property Details
About this Property
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!
MLS Listing Information
MLS #
CRSR24026585
MLS Source
California Regional MLS
Days on Site
291
Interior Features
Appliances
Other, Oven - Gas, Oven Range - Gas
Flooring
Laminate
Cooling
Central Forced Air
Heating
Central Forced Air, Forced Air
Exterior Features
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
George Ouzounian
The Agency
License #: 01948763
Phone: (818) 900-4259
Co-Listing Agent
Grigor Aleksanian
License #: 02069401
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 25 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
420 W Windsor Rd is a Residential Income in Glendale, CA 91204. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $12,499,000 and was built in 1987. This address can also be written as 420 W Windsor Rd, Glendale, CA 91204.
©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 10, 2024. For the most current information, please contact George Ouzounian, (818) 900-4259
