327 South Madison Way

Glendale, CA 91205

$3,650,000
Price
16
Beds
20
Baths
11,305 Sq. Ft.
$323 / Sq. Ft.
11,305
Sq. Ft.
$323
per Sq. Ft.

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

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Property Details for 327 South Madison Way

Zoning
GLR3*
Cross Streets
S. Glendale Ave. and S. Madison Way.
Parcel Number
5677001002
Total Units
8.0
Living Area
11305
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
0 Units

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251
Add your commute
LISTING UPDATED: 04/25/2024 10:57 AM

Property Details for 327 South Madison Way

StatusActive
MLS #24-370485
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1983
Lot Size0.24 AC / 10,304 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251
Add your commute

Building Information for 327 South Madison Way

Stories2Residences-Year Built1983Building Size-Lot Size0.24 AC / 10,304 SF

Payment Calculator

$23,168 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,920

Property Taxes

$3,248

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 327 South Madison Way

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Townhomes
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated, Card/Code Access
  • Direction Faces: South
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $263,790
  • Net Operating Income: $174,695.00
  • Gross Income: $269,173
  • Cap Rate: 4.79%
  • Gross Rent Multiplier: $13.56
  • Financial Info as Of: 04/25/2024
  • Total Annual Expense: 89095
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 10304
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 16
  • Garage Spaces Total: 16
  • Parking Features: Garage - Two Door
  • Garage Structures Total: 8.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood Laminate, Tile
  • Equipment: Built-Ins, Dishwasher, Dryer, Washer, Range/Oven, Garbage Disposal, Hood Fan, Freezer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,729.00
  • Unit Actual Rent: $21,833.00
  • Unit Projected Rent: $26,800.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106

Property History for 327 South Madison Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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327 South Madison Way is a multi-family home for sale in Glendale, CA 91205. This property was listed for sale on March 19, 2024 by Compass, it's currently listed at $3,650,000. It has been on the market for a total of 38 days and was last sold on December 15, 2021. This listing's school district is Glendale Unified School District. Nearby schools include Cerritos Elementary School, Theodore Roosevelt Middle School and Glendale High School. 327 South Madison Way is a 16-bed, 20-bath, 11,305 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.