$10,499,000
$1M PRICE DROP

Estimated payment $55,988/month

Total Views 6,683
6 Beds
5 Baths
23,234 Sq Ft
$452 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • 0.45 Acre Lot
  • Property is near a park
  • Herbert Hoover High School Rated A-
  • Open Floorplan
  • Traditional Architecture

About This Home

Price Improvement! Calling all Investors!!!! Presenting 420 W Windsor Rd – a remarkable opportunity to acquire a rare apartment buildingboasting 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. Don’t miss out on the opportunity to purchase this exceptional building!

Listing Agent

George Ouzounian

The Agency Brokerage Phone: 818-900-4259 License #01948763 Listed on: 02/17/2025

The Agency

Co-Listing Agent, Showing Contact

Grigor Aleksanian

The Agency Brokerage Phone: 818-900-4259 License #02069401

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $604

Year Built

  • Built in 1987

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre
  • 5696-019-043

Property Views

  • Woods
  • Mountain
  • Hills
  • Valley
  • Neighborhood

Home Design

  • Traditional Architecture
  • Apartment
  • Turnkey

Interior Spaces

  • 23,234 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Sliding Doors
  • Family Room
  • Living Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Assigned Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near a park

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 302
  • Assessor Parcel Number 5696019044
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 25 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 25 Leased Units
  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,976
  • Maintenance Expense $6,000
  • Trash Expense $6,000
  • Water Sewer Expense $24,000
  • New Taxes Expense $168,750
  • Operating Expense $208,726
  • Gross Income $4,800
  • Net Operating Income $559,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$604

Year Built

Built in 1987

Lot Details

0

Listing Details

  • CapRate: 4.10
  • Price Per Unit: 419960
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 24000.00
  • Zoning: GLR4*
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5696019044
  • Year Built: 1987
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Granite Counters, Open Floorplan, Unfurnished
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Three Or More
  • Price Per Square Foot: 451.88
  • Room Type: Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom

Exterior Features

  • View: Hills, Mountain(s), Neighborhood, Trees/Woods, Valley
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Heating Type: Central, Forced Air
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Hiking, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5696-019-043
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Park Nearby
  • Lot Size Sq Ft: 19697.00
  • Lot Size Acres: 0.4522

Multi Family

  • Gross Income: 4800.00
  • Gross Scheduled Income: 741276.00
  • Insurance Expense: 3976.00
  • Laundry Income: 18000.00
  • Lot Size Area: 19697.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 559550.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 25
  • Number Of Units Total: 25
  • Number With Patio: 12
  • Operating Expense: 208726.00
  • Other Income1: 4200.00
  • Other Income Description: Storage
  • Rent Control: No
  • Total Expenses: 208726.00

Tax Info

  • New Taxes Expense: 168750.00
  • Tax Census Tract: 3024.01
  • Tax Lot: 30
  • Tax Tract Number: 302...

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $604 $47,872 $47,728 $144
2024 $604 $46,935 $46,793 $142
2023 $592 $46,016 $45,876 $140
2022 $580 $45,115 $44,977 $138
2021 $572 $44,232 $44,096 $136
2019 $906 $42,922 $42,789 $133
2018 $860 $42,081 $41,950 $131
2016 $791 $40,449 $40,322 $127
2015 $782 $39,843 $39,717 $126
2014 $780 $39,063 $38,939 $124
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $10,499,000 -4.5% $452 / Sq Ft
03/24/2025 03/24/25 Price Changed $10,999,000 -6.4% $473 / Sq Ft
02/17/2025 02/17/25 For Sale $11,749,000 -- $506 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Individual Deed -- Gateway Title Company
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25035164

California Regional Multiple Listing Service (CRMLS)

APN: 5696-019-043