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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 12,499,000

Est. payment -/mo

Save

Price Dropped by $500K

420 W Windsor RD Glendale, CA 91204

23,234 SqFt

UPDATED:

10/10/2024 05:50 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 23,234 sqft

Price per Sqft $537

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*

Rooms

Ensuite Laundry Common Area, Inside

Interior

Interior Features Balcony, Granite Counters, Open Floorplan, Unfurnished

Laundry Location Common Area,Inside

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

Parking Type Assigned

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

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

420 W Windsor RD Glendale, CA 91204

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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420 W Windsor RD