Address: |
view address Glendale, CA 91204 Map Location |
Features: | Air Conditioning, Balcony, Forced Air, Multi-level |
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Square Feet: | 23,234 sq.ft. | Lot Size: | 0.45 acres |
Year Built: | 1987 | Styles: | Traditional |
Property Type: | Apartment | County: | Los Angeles |
List Date: | 2024-02-08 | Listing Number: | SR24026585 |
Listed By: | The Agency | Listing Office: | 818-900-4259 |
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!
Air Conditioning: | Yes | Central Air: | Yes |
Central Heat: | Yes | Forced Air: | Yes |
Gas Oven: | Yes | Gas Range: | Yes |
Laminate Flooring: | Yes | Refrigerator: | Yes |
Smoke Alarm: | Yes | Tile Flooring: | Yes |
Balcony: | Yes | Style: | Traditional |
Has View: | Yes | Lot Acres: | 0.45 |
Lot Has Mountain View: | Yes | Lot Has Valley View: | Yes |
Lot Number: | 30.00 | Lot Sqft: | 19,697.00 |
Natural Gas: | Yes | Public Sewer: | Yes |
Public Water: | Yes | Transaction Type: | Sale |
Year Built: | 1987 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.