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Glendale, CA 91204 420 W Windsor Road

$13,499,000

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Presented By: George Ouzounian with The Agency; 818-900-4259
  • MLS# SR24026585
  • 02/08/2024
  • Request Tour
  • Request Info
  • BedBeds • 45
  • BathBaths • 5
  • FootageSQFT • 23,234

Home Details

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!
Presented By: George Ouzounian with The Agency; 818-900-4259

Interior Features for 420 W Windsor Road

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesCommonArea, Inside
Street SuffixRoad
Total Stories3

Other Rooms

Entry Level

General for 420 W Windsor Road

AccessibilityNone
Additional Parcels Description5696-019-043
Additional Parcels Y/NYes
AppliancesGasOven, GasRange, Refrigerator
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.1
Carport Y/NNo
CityGlendale
Community FeaturesBiking, Hiking, StreetLights, Sidewalks, Park
CoolingCentralAir
CountyLos Angeles
Days on Market13
DirectionsW Chevy Chase Dr to S Columbus Ave to W Windsor Rd
Entry Location
Garage Spaces0.0
Garage Y/NNo
Gross Income4800.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, ForcedAir
Home Warranty Y/NNo
Insurance Expense3976.0
Interior FeaturesBalcony, GraniteCounters, OpenFloorplan, Unfurnished
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, Conventional
Lot Size Square Feet19697.0
MLS Area628 - Glendale-South of 134 Fwy
MaintenanceExpense6000.0
MobileHomeRemainsYNNo
Net Operating Income559550.0
New ConstructionNo
Number of Units Leased25
Operating Expense208726.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameWindsor
Tax Lot30
Taxes$168,750
Total Units25
Trash Expense6000.0
UtilitiesCableAvailable, ElectricityAvailable, NaturalGasConnected, PhoneAvailable, SewerAvailable, WaterAvailable
ViewHills, Mountains, Neighborhood, Valley, TreesWoods
View Y/NYes
Water Sewer Expense24000.0
Waterfront Y/NNo
Year Built1987
Year Built SourcePublicRecords
ZoningGLR4*

Exterior for 420 W Windsor Road

Building Area Total23234.0
Crops Included Y/NNo
Door FeaturesSlidingDoors
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem2125UnitsAcre, NearPark
Lot Size Acres0.4522
Lot Size Area19697.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $13,499,000
MLS#SR24026585
List Date 02/08/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors