420 W Windsor RD, Glendale, CA 91204 – SR24026585

REQUEST A TOUR

In-PersonVirtual Tour

Mathios Yonan

yonanmathios@gmail.com +1(619) 254-9669

$ 12,499,000

Est. payment | -/mo

0.45 Acres Lot

Save

$ 12,499,000

Est. payment | -/mo

Save

0.45 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24026585

Construction Status Turnkey

HOA Y/N No

Year Built 1987

Lot Size 0.452 Acres

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!

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4*

Interior

Interior Features Balcony, Granite Counters, Open Floorplan, Unfurnished

Heating Central, Forced Air

Cooling Central Air

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Refrigerator

Laundry Common Area, Inside

Exterior

Garage Assigned

Pool None

Community Features Biking, Hiking, Street Lights, Sidewalks, Park

Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Available, Water Available

View Y/N Yes

View Hills, Mountain(s), Neighborhood, Valley, Trees/Woods

Accessibility None

Private Pool No

Building

Lot Description 21-25 Units/Acre, Near Park

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Three Or More

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5696019044

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by George Ouzounian • The Agency • 818-900-4259

+1(619) 254-9669

yonanmathios@gmail.com

La Mesa: 9555 Grossmont Summit Drive, Mesa, CA, 91941