$13,499,000 Price Analysis 420 W Windsor RdGlendale, CA 91204 45 bed 41 bath 23,234 SqFt ($581/SqFt) 0.45 acre lot. Built 1987 Listed 2024-02-08, Taxes $28,474 | Ⓧ USDA Ineligible due to price & location near Glendale |
Nestled on a charming tree-lined street 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 open 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 ownr 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!
Presented by George Ouzounian at
The Agency.
Property MLS #SR24026585 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $1,512,561 + $880,228 $2,392,789 | $28,474 |
2021 | $1,482,903 + $862,969 $2,345,872 | $27,878 |
2020 | $1,467,698 + $854,121 $2,321,819 | $27,487 |
2019 | $1,438,920 + $837,374 $2,276,294 | $26,504 |
2018 | $1,410,706 + $820,955 $2,231,661 | $25,944 |
2017 | $1,383,046 + $804,858 $2,187,904 | $25,571 |
2016 | $1,355,928 + $789,077 $2,145,005 | $24,548 |
2015 | $1,335,561 + $777,225 $2,112,786 | $24,066 |
2014 | $1,309,400 + $762,001 $2,071,401 | $24,014 |
2013 | $1,296,684 + $758,558 $2,055,242 | $23,440 |
2012 | $1,271,259 + $743,685 $2,014,944 | $23,132 |
2010 | $1,246,333 + $729,103 $1,975,436 | $22,673 |
2009 | $1,239,958 + $725,374 $1,965,332 | $22,886 |
2009 | $1,237,019 + $723,654 $1,960,673 | $22,886 |
2008 | $1,215,646 + $711,151 $1,926,797 | $22,416 |
2007 | $1,191,810 + $697,207 $1,889,017 | $21,882 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.