8-Unit Apartment
331 W Windsor Rd Glendale, CA 91204
For Sale
$2,425,000
Built in 1957, the property offers eight one-bedroom units with on-site laundry and five private one-car garages.
Property Size4,708 SF
Lot Size0.17 Acres
Price / SF$515.08
Days on Market68
Property Features for 331 W Windsor Rd
General Information
- Standard status
- Active
- Size
- 4,708 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Listing Agency:
Encino Office
(818) 212-2694
Listed By:
Sev Keshishian · License #License(s): CA: 01887505
(818) 212-2694
Source:
Marcusmillichap
Added: May 18
Changed: Jul 23
Last Checked: Jul 23 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encino Office
Investment Insights
Based on property information with market context.
331 W. Windsor Rd is a well-maintained 8-unit multifamily property built in 1957, comprised of eight one-bedroom, one-bathroom units. Five of the units have been extensively renovated with modern appliances, quartz countertops, new kitchen cabinetry, new windows, and renovated bathrooms. The property also includes multiple capital upgrades such as 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.
Parking and resident convenience are supported by five private one-car garages plus two surface parking spaces. On-site laundry is available with machines that are owned.
The property is positioned just east of S. Central Avenue and three blocks north of W. Chevy Chase Drive, with both The Americana at Brand and the Glendale Galleria located under a mile away. The asset is subject to Glendale’s Rental Ordinance aligned with statewide AB 1482, which allows annual rent increases of 5% + CPI. The property is located on a lot zoned R2250, supporting the existing 8-unit configuration under current zoning parameters.
Parking and resident convenience are supported by five private one-car garages plus two surface parking spaces. On-site laundry is available with machines that are owned.
The property is positioned just east of S. Central Avenue and three blocks north of W. Chevy Chase Drive, with both The Americana at Brand and the Glendale Galleria located under a mile away. The asset is subject to Glendale’s Rental Ordinance aligned with statewide AB 1482, which allows annual rent increases of 5% + CPI. The property is located on a lot zoned R2250, supporting the existing 8-unit configuration under current zoning parameters.
Key Highlights
- 8‑unit multifamily built in 1957, totaling 4,708 SF with eight 1BD/1BA units
- Five units have extensive renovations including modern appliances, quartz countertops, new cabinetry, new windows, and renovated bathrooms
- Additional income includes monthly laundry and parking from five private 1‑car garages, plus on‑site laundry with owned machines
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.3k | $36.60 |
| − Vacancy | −$11.2k | −$2.38 |
| EGI | $161.1k | $34.22 |
| − OpEx | −$72.5k | −$15.40 |
| NOI | $88.6k | $18.82 |
4,708 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,612 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,206 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bestway Tree Service
Landscaping
FAQs
What type of property is this?
Apartment building - Built in 1957, the property offers eight one-bedroom units with on-site laundry and five private one-car garages.
Where is this apartment building located?
The property is located at 331 W Windsor Rd Glendale, CA.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: 8‑unit multifamily built in 1957, totaling 4,708 SF with eight 1BD/1BA units; Five units have extensive renovations including modern appliances, quartz countertops, new cabinetry, new windows, and renovated bathrooms; Additional income includes monthly laundry and parking from five private 1‑car garages, plus on‑site laundry with owned machines
