420 W Windsor Rd - Apartments FOR SALE


Glendale, CA 91204- Pacific-Edison
$9,995,000 USD
818-224-7949
420 W Windsor Rd, Glendale, CA for Sale
$9,995,000 USD
Apartments - FOR SALE
1/24
null | 5.8% Cap Rate

420 W Windsor Rd
Glendale, CA 91204
Pacific-Edison


HIGHLIGHTS

  • Rare Glendale 1987 asset for sale
  • 5.8% on current | 11.9 GRM
  • Only $382K per unit
  • 91 WalkScore - Americana, Erewhon, Whole Foods
  • Ability to add 4 ADUs on 2nd parcel
  • Stabilized asset | high barrier to entry

OVERVIEW

Alexanian Apartment Advisors is pleased to present WinGlen Villas, a modernized, turnkey multifamily offering located just 2 minute drive from the Americana at Brand in Glendale. The property is being offered as one of if not the highest-yielding newer-construction opportunities currently available in the Tri-Cities market — Glendale, Burbank, and Pasadena — combining meaningful scale, strong day-one income, and durable long-term ownership fundamentals in a market defined by limited supply and high barriers to entry. WinGlen Villas features sharp unit modernizations, including select units with in-unit washer/dryers, individual water heaters, gated parking, and intercom-controlled access. The offering consists of two parcels: one improved with the existing apartment building and a second parcel providing potential future development upside of up to approximately 2,300 square feet. Please refer to the architect’s conceptual drawings in the Offering Memorandum for potential 3- or 4-unit scenarios. One of the property’s most compelling attributes is its immediate proximity to Glendale’s premier retail and lifestyle corridor, rated one of the top 15 retail destinations globally, The Americana at Brand and Glendale Galleria are just a 2-minute drive or approximately 10-minute walk from the property. With a 91 Walk Score, residents are minutes from Whole Foods, Porto’s, Erewhon, and many of the area’s most desirable dining, retail, and entertainment amenities. Glendale remains one of the most attractive rental markets in Southern California, supported by strong local services, highly regarded police and fire departments, blue-ribbon school systems, and a significant affordability gap between renting and homeownership. The city also currently allows the highest state-permitted annual rent increases, further enhancing the property’s long-term income growth profile. ** Offering memorandum by request, tours being scheduled, contact listing agent for more info. ** Some images digitally altered/staged. 25+1n.c. unit being converted to legal unit. You are always instructed to consult your tax, legal and financial advisors, information from reliable sources however no promises to accuracy of information, buyer/broker to verify.

FOR SALE DETAILS

PRICE

$9,995,000 USD

PRICE/SF

$395 USD /SF

# OF UNITS

26

PRICE/UNIT

$384,423

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WinGlen Villas Glendale | 1987 | 5.8%

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R4, Glendale

APN/PARCEL ID

5696-019-043,5696-019-044

ASK ABOUT THIS PROPERTY

Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.