45 bedroom house for sale
Glendale CA 91204
- Property Type
- House
- Price
- $13,499,000
- Beds
- 45
- Baths
- 41
Overview
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!
Details
- Beds: 45
- Baths: 41
- Price: $13,499,000
- Reference No.: 69407368
- Area: 23,234 sqft
Location
Glendale CA 91204
45 bedroom house for saleRelated Properties
Disclaimer
2024-03-18, Viewed 1 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-18, Viewed 1 times.
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