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 vast 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 Fash ion 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 ffers 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.

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on 327 S Madison Way
in Glendale, CA
Presented by Kenny Stevens at
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Property MLS #24-370485 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 16

+ Bathrooms

Total Bathrooms: 20
Full Bathrooms: 20

+ Appliances

Laundry Facilities: In Unit
Laundry Features: In Unit

+ Heating and Cooling

Cooling Features: Central
Heating Features: Central

+ Interior Features

Flooring: Wood Laminate, Tile

+ Land Info

Lot Size Acres: 0.2365473
Lot Size Square Feet: 10304

+ Garage and Parking

Garage Spaces: 16
Garage Description: Garage - 2 Car
Parking Total: 16

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 2
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2.5, 1 SquareFeet: 26800

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cross Street: S. Glendale Ave. and S. Madison Way.
Cap Rate: 4.79
Directions: 327 S. Madison is 0.2 miles south of the NEW East End Studio (1239 S. Glendale) and just north E. Los Feliz Rd. and S. Glendale Ave.
Source Property Type: Residential Income
Area: Glendale-South of 134 Fwy
Source Neighborhood: Glendale-South of 134 Fwy
Parcel Number: 5677-001-002
Postal Code Plus 4: 3340
Zoning: GLR3
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-04-25
$3,650,000
TheMLSCLAW

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Listed 2024-03-19
$3,875,000
TheMLSCLAW

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Listing removed 2023-04-10
$0
TheMLSCLAW

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Listed 2023-02-27
$3,950,000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 174695

+ Building and Construction

Total Square Feet Living: 11305
Year Built: 1983
Direction Faces: South
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 41
Levels or Stories: 2
Building Total Stories: 2

+ Home Features

Other Equipment: Built-Ins, Dishwasher, Dryer, Washer, Range/Oven, Garbage Disposal, Hood Fan, Freezer
Security Features: Gated, Card/Code Access

+ Display Complete School Details

Cerritos Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions

Theodore Roosevelt Middle School is a public middle school located approximately 0.4 miles away.
Map directions

Glendale High School is a public high school located approximately 1.5 miles away.
Map directions

Holy Trinity Elementary School is a private elementary and middle school located approximately 0.8 miles away.
Map directions