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$12,499,000

Beds
Unknown
sq ft
Unknown

420 W Windsor Rd, Glendale, CA 91204

420 W Windsor Rd

Glendale, CA 91204

  • 319 days on market
    • Price drop $500,000↓
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!

Details

Property type

Apartment

Lot size

0.4522 acres

Price per sq ft

Unknown

Year built

1987

HOA

No

Price History

10/10/2024
CRMLS

CRMLS #SR24026585

Price change
$12,499,000
-3.85%
10/09/2024
CRMLS

CRMLS #SR24026585

Removed
$12,999,000
10/08/2024
CRMLS

CRMLS #SR24026585

Listed
$12,999,000

Schools & Community

Neighborhood: 

Pacific Edison

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks, Park

Status: Active

Tomo last checked: 12/22/2024 at 10:15 PM

Listing updated: 12/05/2024 at 6:55 AM

Listed by: George Ouzounian, The Agency Phone #: (424) 230-3700

MLS: CRMLS #SR24026585

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