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$ 2,425,000
Est. payment /mo
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331 W Windsor RD Glendale, CA 91204
8 Beds
8 Baths
4,708 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,708 sqft
Price per Sqft $515
MLS Listing ID 26833517
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 7,557 Sqft
Property Description
We are pleased to present 331 W. Windsor Road, an exceptionally well-maintained 8-unit multifamily investment opportunity in the desirable Pacific-Edison neighborhood of southwest Glendale. This asset is subject to Glendale's Rental Ordinance (aligned with statewide AB 1482 provisions) allowing annual increases of 5% + CPI. This positions an investor to capture the remaining upside relatively quickly through standard adjustments. Additional income streams include monthly laundry income and parking income from five private one-car garages. Built in 1957, the asset totals 4,708 square feet and includes eight one-bed/one-bath units, of which five units have received extensive renovations that include modern appliances, quartz countertops, new kitchen cabinetry, new windows, and renovated bathrooms. Other capital expenditures include tankless water heaters, upgraded drain and sewer lines, new paint, new gutters, upgraded plumbing lines, new stairs, repaired walkways, electrical upgrades, artificial grass, and a new security system. Additional features include five private one-car garages, two surface parking spaces and on-site laundry with machines that are owned. The 7,559-square-foot lot is zoned R2250, rendering the current 8-unit configuration irreplaceable under existing zoningthis truly represents the highest and best use.Positioned just east of S. Central Avenue and three blocks north of W. Chevy Chase Drive, the property is under a mile from both The Americana at Brand and the Glendale Galleria. It offers excellent proximity to major thoroughfares and sits in one of Glendale's highest rental demand neighborhoods, prized for its local retail and access to business and amenities.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning R2250
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Disposal, Microwave, Refrigerator
Exterior
Parking Features Assigned, Garage
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5696017004
Special Listing Condition Standard
Listed by Sevak Keshishian Marcus & Millichap #01887505
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