Glendale, CA 91204,420 W Windsor Road
Glendale, CA 91204,420 W Windsor Road
Glendale, CA 91204,420 W Windsor Road
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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528
Listed by George Ouzounian • The Agency
$12,499,000
Est. payment /mo
23,234 SqFt
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UPDATED:

10/11/2024 01:12 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 23,234 sqft

Price per Sqft $537

MLS Listing ID CRSR24026585

HOA Y/N No

Originating Board Datashare California Regional

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

Interior

Heating Forced Air, Other

Cooling Central Air

Flooring Laminate, Tile

Fireplace No

Laundry Other, Inside

Exterior

View Hills, Mountain(s), Valley, Trees/Woods, Other

Parking Type Assigned

Building

Lot Description Other

Water Public


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