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WinGlen Villas Glendale | 1987 | 5.8% 420 W Windsor Rd 26 Unit Apartment Building $9,995,000 ($384,423/Unit) 5.80% Cap Rate Glendale, CA 91204



Investment Highlights
- Rare Glendale 1987 asset for sale
- Only $382K per unit
- Ability to add 4 ADUs on 2nd parcel
- 5.8% on current | 11.9 GRM
- 91 WalkScore - Americana, Erewhon, Whole Foods
- Stabilized asset | high barrier to entry
Executive Summary
Alexanian Apartment Advisors is pleased to present WinGlen Villas, a modernized, turnkey multifamily offering located just 2 minute drive from the Americana at Brand in Glendale.
The property is being offered as one of if not the highest-yielding newer-construction opportunities currently available in the Tri-Cities market — Glendale, Burbank, and Pasadena — combining meaningful scale, strong day-one income, and durable long-term ownership fundamentals in a market defined by limited supply and high barriers to entry.
WinGlen Villas features sharp unit modernizations, including select units with in-unit washer/dryers, individual water heaters, gated parking, and intercom-controlled access. The offering consists of two parcels: one improved with the existing apartment building and a second parcel providing potential future development upside of up to approximately 2,300 square feet. Please refer to the architect’s conceptual drawings in the Offering Memorandum for potential 3- or 4-unit scenarios.
One of the property’s most compelling attributes is its immediate proximity to Glendale’s premier retail and lifestyle corridor, rated one of the top 15 retail destinations globally, The Americana at Brand and Glendale Galleria are just a 2-minute drive or approximately 10-minute walk from the property. With a 91 Walk Score, residents are minutes from Whole Foods, Porto’s, Erewhon, and many of the area’s most desirable dining, retail, and entertainment amenities.
Glendale remains one of the most attractive rental markets in Southern California, supported by strong local services, highly regarded police and fire departments, blue-ribbon school systems, and a significant affordability gap between renting and homeownership. The city also currently allows the highest state-permitted annual rent increases, further enhancing the property’s long-term income growth profile.
** Offering memorandum by request, tours being scheduled, contact listing agent for more info. **
Some images digitally altered/staged. 25+1n.c. unit being converted to legal unit. You are always instructed to consult your tax, legal and financial advisors, information from reliable sources however no promises to accuracy of information, buyer/broker to verify.
The property is being offered as one of if not the highest-yielding newer-construction opportunities currently available in the Tri-Cities market — Glendale, Burbank, and Pasadena — combining meaningful scale, strong day-one income, and durable long-term ownership fundamentals in a market defined by limited supply and high barriers to entry.
WinGlen Villas features sharp unit modernizations, including select units with in-unit washer/dryers, individual water heaters, gated parking, and intercom-controlled access. The offering consists of two parcels: one improved with the existing apartment building and a second parcel providing potential future development upside of up to approximately 2,300 square feet. Please refer to the architect’s conceptual drawings in the Offering Memorandum for potential 3- or 4-unit scenarios.
One of the property’s most compelling attributes is its immediate proximity to Glendale’s premier retail and lifestyle corridor, rated one of the top 15 retail destinations globally, The Americana at Brand and Glendale Galleria are just a 2-minute drive or approximately 10-minute walk from the property. With a 91 Walk Score, residents are minutes from Whole Foods, Porto’s, Erewhon, and many of the area’s most desirable dining, retail, and entertainment amenities.
Glendale remains one of the most attractive rental markets in Southern California, supported by strong local services, highly regarded police and fire departments, blue-ribbon school systems, and a significant affordability gap between renting and homeownership. The city also currently allows the highest state-permitted annual rent increases, further enhancing the property’s long-term income growth profile.
** Offering memorandum by request, tours being scheduled, contact listing agent for more info. **
Some images digitally altered/staged. 25+1n.c. unit being converted to legal unit. You are always instructed to consult your tax, legal and financial advisors, information from reliable sources however no promises to accuracy of information, buyer/broker to verify.
Property Facts
| Price | $9,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $384,423 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.80% | Building Size | 25,334 SF |
| Gross Rent Multiplier | 11.9 | Average Occupancy | 100% |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2026 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Zoning | R4, Glendale - Multiple Dwelling Zone | ||
| Price | $9,995,000 |
| Price Per Unit | $384,423 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 11.9 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 25,334 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2026 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R4, Glendale - Multiple Dwelling Zone |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 650 |
| 2+2 | 12 | - | 1,150 |
| 3+2 | 4 | - | 1,350 |
| Studios | 1 | - | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,605,285 | |
| Land Assessment | $981,831 | Total Assessment | $2,587,116 |
Property Taxes
Parcel Numbers
Land Assessment
$981,831
Improvements Assessment
$1,605,285
Total Assessment
$2,587,116
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WinGlen Villas Glendale | 1987 | 5.8% | 420 W Windsor Rd
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