Eight-Unit Apartment
For Sale
$2,350,000
331 W Windsor Rd, Glendale, CA 91204
Well-maintained 8-unit building with on-site laundry and five private one-car garages, built in 1957.
Property Size4,708 SF
Lot Size0.17 Acres
Price / SF$499.15
Days on Market80
Property Features for 331 W Windsor Rd
General Information
Standard status
Active
Size
4,708 SF
Total Parking Spaces
7
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Zoning
R2250
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Road Access
Yes
Amenities
on-site laundry
Building Details
Building Size
4,708 SF
Year Built
1957
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Sevak Keshishian · License #01887505
Source:
Rochellemaize
Added: May 13
Changed: Jul 31
Last Checked: Jul 31 at 1:59AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
331 W Windsor Rd is an exceptionally well-maintained 8-unit apartment building built in 1957, totaling 4,708 square feet. The property offers eight one-bedroom, one-bath units. Five of the units have received extensive renovations, including modern appliances, quartz countertops, new kitchen cabinetry, new windows, and renovated bathrooms.
Additional capital improvements 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. The building also includes on-site laundry with machines that are owned.
Separate from unit interiors, the property provides parking with five private one-car garages and two surface parking spaces. The 7,559-square-foot lot is zoned R2250, which supports the current 8-unit configuration under existing zoning. The property is subject to Glendale’s Rental Ordinance aligned with statewide AB 1482 provisions, allowing annual increases of 5% plus CPI.
Additional capital improvements 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. The building also includes on-site laundry with machines that are owned.
Separate from unit interiors, the property provides parking with five private one-car garages and two surface parking spaces. The 7,559-square-foot lot is zoned R2250, which supports the current 8-unit configuration under existing zoning. The property is subject to Glendale’s Rental Ordinance aligned with statewide AB 1482 provisions, allowing annual increases of 5% plus CPI.
Key Highlights
- Built in 1957, 4,708‑square‑foot 8‑unit apartment building
- Eight one‑bed, one‑bath units; five extensively renovated with modern upgrades
- Annual rent increase limitation under Glendale Rental Ordinance: 5% + CPI
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 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,206 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 8-unit building with on-site laundry and five private one-car garages, built in 1957.
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 $2,350,000.
What are key features of this property?
This property features: Built in 1957, 4,708‑square‑foot 8‑unit apartment building; Eight one‑bed, one‑bath units; five extensively renovated with modern upgrades; Annual rent increase limitation under Glendale Rental Ordinance: 5% + CPI
