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!
Property Specifics
Property Type:
Other
Estimated Sq. Foot:
23,234
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
Parking
- Total Parking Spaces:
1
- Parking Features:
Parking Assigned
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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