Modernized Multifamily with Gated
For Sale
$9,995,000
Pending
420 W Windsor, Glendale, CA 91204
Turnkey multifamily with modernized units, select in-unit laundry, and intercom-controlled, gated parking.
Property Size23,234 SF
Days on Market119
Property Features for 420 W Windsor
General Information
Standard status
Pending
Size
23,234 SF
Property subtype
Apartment
Additional Details
Business Included
Yes
Building Details
Building Size
23,234 SF
Year Built
1987
Listing Agency:
Keller Williams World Media Center
Listed By:
Levon Alexanian · License #00911091
(818) 239-3500
Source:
Rochellemaize
Added: Jun 23
Changed: Oct 14
Last Checked: Oct 16 at 4:28PM
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 Keller Williams World Media Center
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Investment Insights
Based on property information with market context.
WinGlen Villas is a modernized, turnkey multifamily offering presented on two parcels in Glendale. The primary parcel includes an apartment building with sharp unit modernizations, and select units feature in-unit washer/dryers. The property also includes individual water heaters, gated parking, and intercom-controlled access for resident entry.
The second parcel is unimproved and offers potential future development. The Offering Memorandum references architect’s conceptual drawings for possible 3- or 4-unit scenarios, with development potential discussed as up to approximately 2,300 square feet.
The property’s day-to-day practicality is supported by on-site controls and unit-level upgrades. For tenants and operators, the intercom access and gated parking provide a more managed entry experience, while select in-unit laundry and individual water heaters can reduce shared-system concerns. For buyers, the two-parcel structure provides both an existing income-producing component and an additional development pathway, subject to the conceptual plans outlined in the offering materials.
The second parcel is unimproved and offers potential future development. The Offering Memorandum references architect’s conceptual drawings for possible 3- or 4-unit scenarios, with development potential discussed as up to approximately 2,300 square feet.
The property’s day-to-day practicality is supported by on-site controls and unit-level upgrades. For tenants and operators, the intercom access and gated parking provide a more managed entry experience, while select in-unit laundry and individual water heaters can reduce shared-system concerns. For buyers, the two-parcel structure provides both an existing income-producing component and an additional development pathway, subject to the conceptual plans outlined in the offering materials.
Key Highlights
- WinGlen Villas multifamily built in 1987 with modernized units
- Select units offer in‑unit washer/dryers and individual water heaters
- Gated parking with intercom‑controlled access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$437,300
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,746,000
$8.7M
Cap Rate 7%
$6,247,143
$6.2M
Cap Rate 9%
$4,858,889
$4.9M
Market Conditions
NOI Build-Up for 23,234 SF
Gross rent
$850.4K $36.60/SF
− Vacancy
−$55.3K −$2.38/SF
EGI
$795.1K $34.22/SF
− OpEx
−$357.8K −$15.40/SF
NOI
$437.3K $18.82/SF
Area
Glendale, CA
Vacancy
6.50%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,746,000
Cap Rate 7%
$6,247,143
Cap Rate 9%
$4,858,889
Alternative Uses
Best Use
Apartment 5plus
$6.25M
$5.47M – $7.29M
NOI $437,300 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.97M
$12.23M – $16.30M
NOI $978,146 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,770
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Turnkey multifamily with modernized units, select in-unit laundry, and intercom-controlled, gated parking.
Where is this multifamily property located?
The property is located at 420 W Windsor Glendale, CA.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: WinGlen Villas multifamily built in 1987 with modernized units; Select units offer in‑unit washer/dryers and individual water heaters; Gated parking with intercom‑controlled access
