Active

327 S Madison Way

Glendale CA, 91205

$3,875,000


$342.77 per sqft

Active

16 Beds

11,305 sqft

Residential

Built in 1983

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 6.19% CAP and 11.32 GRM at the list price.

24-370485

MLS ID

March 19, 2024

Listed

April 18, 2024

Updated

Map

327 S Madison Way
Glendale CA, 91205

Interior Features

Total Stories

2


Bedrooms

16 Beds


Appliances

Built-Ins, Dishwasher, Dryer, Washer, Range/Oven, Garbage Disposal, Hood Fan, Freezer


Laundry Description

In Unit


Floor Description

Wood Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.24 Acres

Other Property Details

Area Name

Glendale-South of 134 Fwy


Days on Market

30


Garage

Yes


Garage Spaces

16


Parking

Garage - 2 Car


Parking Total

16


View

No


View Description

None


County

Los Angeles


Pool

No


Zoning

GLR3*

Listing History

Date

Event

Price

4/18/2024

Active

3/29/2024

Under Contract

Listed by Kenny Stevens with Compass
Listing Contact: 310-968-7005 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/18/2024

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