331 W Windsor Road,Glendale, CA 91204
Glendale, CA 91204
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.
Details
| MLS # | 26833517 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 110 |
| Listing Provided By | Marcus & Millichap | Sevak Keshishian |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 4,708 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Zoning | R2250 |
| Acreage | 0.17 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Disposal, Microwave, Refrigerator |
Parking
| Parking Features | Assigned, Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91204 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91204) | |
Price: $2,250,000 low | high Med: $2,049,500 sqft: 4,708 low | high Med: 3,749 $ / sqft: $478 low | high Med: $558 On site: 110 low | high Med: 65.5 | |
Market Activity 91204
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91204 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91204) | |
Price: $2,250,000 low | high Med: $2,049,500 sqft: 4,708 low | high Med: 3,749 $ / sqft: $478 low | high Med: $558 On site: 110 low | high Med: 65.5 | |
 | $2,250,000337 W Acacia AvenueGlendale, CA 91204 |