Contact Us
Details
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!PROPERTY FEATURES
Rooms information : Family Room,Kitchen,Living Room,Primary Bathroom,Primary Bedroom
Sewer: Public Sewer
Water Source: Public
Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features: None
Lot Features: 21-25 Units/Acre,Park Nearby
Property Condition : Turnkey
Parcel Identification Number: 5696019044
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Central,Forced Air
Cooling Type: Central Air
Architectural Style : Traditional
Year Built Source: Public Records
Flooring: Laminate,Tile
Fireplace Features : None
Common Walls: 2+ Common Walls
Appliances: Gas Oven,Gas Range,Refrigerator
Door Features: Sliding Doors
Laundry Features: Common Area,Inside
Laundry: Has Laundry
Zoning: GLR4*
MLSAreaMajor: 628 - Glendale-South of 134 Fwy
PROPERTY DETAILS
Street Address: 420 W Windsor Road
City: Glendale
State: California
Postal Code: 91204
County: Los Angeles
MLS Number: SR24026585
Year Built: 1987
Courtesy of The Agency
City: Glendale
State: California
Postal Code: 91204
County: Los Angeles
MLS Number: SR24026585
Year Built: 1987
Courtesy of The Agency
Courtesy of Coldwell Banker Hallmark