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!
Features
: No
: Central, Forced Air
: Central Air
: Mountain(s), Neighborhood, Hills, Trees/woods, Valley
: No
: No
: Assigned
Address Map
U.S.
California
Los Angeles
Glendale
91204
420 W Windsor Road
0
W119° 44' 17.1''
N34° 8' 10.4''
MLS Addon
$0
23,234 Sqft
: No
: No
4.1
208
W Chevy Chase Dr to S Columbus Ave to W Windsor Rd
0
: No
3
SR154542357

Residential Income For Sale Glendale

420 W Windsor Road, Glendale, Los Angeles, California, 91204

19,697 Acre
Visits : 11 in 225 days
$12,999,000
Listing ID #SR24026585
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SR24026585
Price : $12,999,000
Year Built : 1987
Lot Area : 19,697 Acre
Status : Active
Property Sub Type : Apartment
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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