Active
327 S Madison Way
Glendale CA, 91205
$3,650,000
$322.87 per sqft
Active
16 Beds
20 Baths
11,305 sqft
Residential
Built in 1983
Listed by Kenny Stevens with Compass 310-230-5478
*** 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.
24370485
MLSⓇ ID
March 19, 2024
Listed
April 25, 2024
Updated
Map
327 S Madison Way
Glendale CA, 91205
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
20
Appliances
Dishwasher, Disposal, Dryer, Washer
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.24 Acres
Other Property Details
Area Name
628 - Glendale-South of 134 Fwy
Days on Market
37
Garage
Yes
Garage Spaces
16
Parking
Door-Multi, Garage
Parking Total
16
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
GLR3*
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/25/2024 | Price Change | $3,650,000 -6% |
4/18/2024 | Active | — |
3/29/2024 | Under Contract | — |
Listing Contact: 310-230-5478
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/25/2024 at 8:42 PM UTC