The Agency The Agency

420 W Windsor Road

Glendale, CA 91204
Sale Price $13,499,000
Property Type Other

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!

Agent Information

Director, Estates Division (818) 900-4259 License: California DRE #01948763
The Agency
Agent (818) 667-7641 License: California DRE #2069401
The Agency
Director, Estates Division (818) 850-1458 License: California DRE #01503003
The Agency

Property Specifics

Property Type: Other
Estimated Sq. Foot:
23,234
Lot Size:
0.45 ac.
Price per Sq. Foot:
$581
Building Units: N/A
MLS ID: CRSR24026585
Source Status: Active
Also Listed By: connectagency: a0UUc000001igNyMAI, California Regional MLS: SR24026585

Building Amenities

Private Outdoor Space Great Location Traditional Easy Access Fully Occupied

Views & Exposures

View HillsView Mountain(s)View ValleyView Trees/Woods

Location & Transportation

Other Property Information

Summary

General Information
  • Year Built: 1987
Parking
  • Total Parking Spaces: 1
  • Parking Features: Parking Assigned
HOA
  • Association Name: 0

Interior and Exterior Features

Interior Features
  • Living Area: 23,234
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Flooring: Floor Laminate, Floor Tile
  • Laundry Features: Inside
Exterior Features
  • View: View Hills, View Mountain(s), View Valley, View Trees/Woods

Property Information

Lot Information
  • Zoning: GLR4
  • Lots: 1
  • Buildings: 1
  • Lot Size: 0.45 ac.
Utilities
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Water Source Public
  • Sewer: Sewer Public Sewer

Estimated Monthly Payments

Monthly Total $64,747
Monthly Taxes N/A
Interest 6.00%
Down Payment 20.00%

Mortgage Calculator

Monthly Mortgage Cost $64,747 Monthly Charges $0 Total Monthly Payment $64,747
Calculation based on:
Price: $13,499,000
Charges: $0 * Additional charges may apply

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Building Information

Building Name: N/A
Property Type: Multi-Family
Building Type: N/A
Pet Policy: N/A
Units: N/A
Stories: N/A
Built In: 1987
Sale Listings: 1
Rental Listings: 0
Land Lease: No
Bay East and Contra Costa MLS
Listing information provided by the Bay East Association of REALTORS® MLS and the Contra Costa Association of REALTORS®. All information is deemed reliable but not guaranteed. Copyright 2024 Bay East Association of REALTORS® and Contra Costa Association of REALTORS®. All rights reserved.
Last checked: Apr 12, 2024, 5:20 PM UTC
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