420 W Windsor RD Active Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91204
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 23,234 sqft
Price per Sqft $537
MLS Listing ID SR24026585
Year Built 1987
Lot Size 0.452 Acres
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!
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4*
Rooms
Ensuite Laundry Common Area,Inside
Interior
Laundry Location Common Area,Inside
Heating Central,Forced Air
Cooling Central Air
Flooring Laminate,Tile
Fireplaces Type None
Laundry Common Area,Inside
Exterior
Garage Assigned
Pool None
Community Features Biking,Hiking,Street Lights,Sidewalks,Park
Utilities Available Cable Available,Electricity Available,Natural Gas Connected,Phone Available,Sewer Available,Water Available
View Y/N Yes
View Hills,Mountain(s),Neighborhood,Valley,Trees/Woods
Building
Lot Description 21-25 Units/Acre,Near Park
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard