327 South Madison Way
327 South Madison Way
$3,650,000
16
20
11,305
11,305
$323
Listed By Compass
Description
*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each spacious townhome averages approx. 1,281 SF, and tenants are responsible for...*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each spacious townhome averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electricity, and water. Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting. This turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (per ownership). 327 S. Madison is located 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and an array of dining/entertainment amenities along Brand Blvd. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 23% rental upside compared to renovated units in the area. The property will stabilize at 6.15% CAP and 11.29 GRM at the list price.
Listing Agents
Property Details for 327 South Madison Way
Zoning
GLR3*
Cross StreetsS. Glendale Ave. and S. Madison Way.
Parcel Number5677001002
Total Units8.0
Living Area11305
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy Rate0 Units
Location
LISTING UPDATED: 04/25/2024 10:57 AM
Property Details for 327 South Madison Way
Status | Active |
---|---|
MLS # | 24-370485 |
Days on Market | 82 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1983 |
Lot Size | 0.24 AC / 10,304 SF |
County | Los Angeles County |
Location
Building Information for 327 South Madison Way
Stories2Residences-Year Built1983Building Size-Lot Size0.24 AC / 10,304 SF
Payment Calculator
$23,168 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 327 South Madison Way
Property History for 327 South Madison Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 327 South Madison Way
Taxable ValueLand$1,387,200Additions$2,083,200Total$3,470,400
Tax Record2023$38,971 ($3,248 / month)
Home Facts
Total Finished SqFt11,305 SqFtAbove Grade Finished SqFt11,305 SqFtLot Size10,134 SqFtStyleMulti-Family Res (5+ Units)Year Built1983ZoningGLR3*CountyLOS ANGELESAPN5677-001-002
Schools near 327 South Madison Way
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 10 |
Rating | School | Distance |
---|---|---|
Cerritos Elementary School PublicK to 6 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Glendale High School Public9 to 12 | ||
Jewel City Community Day School Public7 to 10 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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