About 420 W Windsor Rd
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 of 420 W Windsor Rd
MLS® # | SR24026585MR |
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Price | $13,499,000 |
Units | 25 |
Bedrooms | 6 |
Bathrooms | 5.00 |
Square Footage | 23,234 |
Acres | 0.45 |
Year Built | 1987 |
Type | Residential Income |
Sub-Type | Apartment |
Style | Traditional |
Status | Active |
Community Information
Address | 420 W Windsor Rd |
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Area | Glendale-South of 134 Fwy |
City | GLENDALE |
County | Los Angeles |
State | CA |
Zip Code | 91204 |
Amenities
Garages | Assigned |
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View | Hills, Trees/Woods, Valley |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Appliances | Oven-Gas, Range |
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Heating | Central, Forced Air |
Cooling | Central |
Fireplace | No |
Fireplaces | None |
# of Stories | 3 |
Has Basement | No |
Additional Information
Date Listed | February 8th, 2024 |
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Days on Market | 99 |
Zoning | GLR4* |
Foreclosure | No |
RE / Bank Owned | No |
Cap Rate | 4.10 |
Net Operating Income | $559,550 |
Unit 1 Details
Beds | 1 |
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Baths | 1.00 |
Rent | $213,312 |
Unit 2 Details
Beds | 2 |
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Baths | 2.00 |
Rent | $351,768 |
Unit 3 Details
Beds | 3 |
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Baths | 2.00 |
Rent | $145,620 |
Listing Details
Agent | George Ouzounian (01948763) |
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Office | The Agency |