Active
420 W Windsor RD
GLENDALE CA, 91204
$12,499,000
$537.96 per sqft
Active
6 Beds
5 Baths
23,234 sqft
Multi-family
Built in 1987
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!
SR24026585MR
MLSⓇ ID
February 8, 2024
Listed
November 22, 2024
Updated
Map
420 W Windsor RD
GLENDALE CA, 91204
Interior Features
Total Stories
3
Bedrooms
6
Total Bathrooms
5
Appliances
Inside, Laundry Area, Refrigerator
Laundry Description
Inside, Laundry Area
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.45 Acres
Architectual Style
Traditional
Sewer
Public Sewer
Other Property Details
Area Name
Glendale-South of 134 Fwy
Days on Market
245
Garage
No
Parking
Assigned
Parking Total
0
View
Yes
View Description
Hills, Trees/Woods, Valley
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% |
Listed by George Ouzounian with The Agency
Listing Contact: 818-900-4259
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team | CA DRE# 01459596 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024