420 Windsor Road, Glendale, CA 91204
  • MLS#: SR24026585 ( Apartment )
  • Street Address: 420 Windsor Road
  • Viewed: 1
  • Price: $12,499,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1987
  • Bldg sqft: 0
  • Days On Market: 281
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91204
  • Provided by: The Agency
  • Contact: George George
  • California Regional MLS IDX
  • DMCA Notice
  • 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%. Dont miss out on the opportunity to purchase this exceptional building!
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Features
Accessibility Features
  1. None
Additional Parcels Description
  1. 5696-019-043
Appliances
  1. Gas Oven
  2. Gas Range
  3. Refrigerator
Architectural Style
  1. Traditional
Association Fee
  1. 0.00
Building Area Total
  1. 23234.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 249
Door Features
  1. Sliding Doors
Fireplace Features
  1. None
Flooring
  1. Laminate
  2. Tile
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Forced Air
Insurance Expense
  1. 3976.00
Interior Features
  1. Balcony
  2. Granite Counters
  3. Open Floorplan
  4. Unfurnished
Laundry Features
  1. Common Area
  2. Inside
Laundry Income
  1. 18000.00
Levels
  1. Three Or More
Lockboxtype
  1. None
  2. See Remarks
Lot Features
  1. 21-25 Units/Acre
  2. Park Nearby
Netoperatingincome
  1. 559550.00
Newtaxesexpense
  1. 168750.00
Number Of Separate Electric Meters
  1. 25
Number Of Separate Gas Meters
  1. 25
Number With Patio
  1. 12
Otherincome1
  1. 4200.00
Otherincomedescription
  1. Storage
Parcel Number
  1. 5696019044
Parking Features
  1. Assigned
Pool Features
  1. None
Postalcodeplus4
  1. 1900
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 408888077:CRM
Spa Features
  1. None
Totalexpenses
  1. 208726.00
Trash Expense
  1. 6000.00
Utilities
  1. Cable Available
  2. Electricity Available
  3. Natural Gas Connected
  4. Phone Available
  5. Sewer Available
  6. Water Available
View
  1. Hills
  2. Mountain(s)
  3. Neighborhood
  4. Trees/Woods
  5. Valley
Water Sewer Expense
  1. 24000.00
Water Source
  1. Public
Year Built
  1. 1987
Year Built Source
  1. Public Records
Zoning
  1. GLR4*