Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    420 Windsor Road, Glendale, CA 91204
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    420 Windsor Road
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    • MLS#: SR24026585 ( Apartment )
    • Street Address: 420 Windsor Road
    • Viewed: 10
    • Price: $12,499,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1987
    • Bldg sqft: 0
    • Days On Market: 318
    • 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
    Views
    1. 10
    Water Sewer Expense
    1. 24000.00
    Water Source
    1. Public
    Year Built
    1. 1987
    Year Built Source
    1. Public Records
    Zoning
    1. GLR4*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836