327 S Madison Way, Glendale, CA 91205 (MLS # 24471043)

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PRICE $3,675,000 dsIDX morgage calculator
BEDS 16
BATHS 20
HOME SIZE 11,305 sqft
LOT SIZE 10,137 sqft

Built in 1983, 327 S. Madison 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 bright and spacious townhome averages approx. 1,413 SF, and tenants are responsible for paying the costs of gas, electric, and water. Current ownership has invested $200,000+ in capital improvements, and have upgraded several of the units with wood laminate flooring, updated cabinetry/backsplash, stainless-steel appliances, and recessed lighting. In addition, this turnkey property features a new roof installed in 2019 and new decks in 2020. We are offering 372 S. Madison at $325 per foot, the lowest PPSF compared to ales of similar properties in the area over the last 12 months. The property presents approx. 19% rental upside compared to market rents for renovated units in the area. At the list price, the property will stabilize at a 6.20% CAP and 11.19 GRM. This townhouse-style complex is located just east of Glendale Ave, the property is approx. 1.4 miles from The Americana, Glendale Galleria, Glendale Fashion Center, and an array of dining and entertainment options along Brand Blvd. In addition, 327 S. Madison sits steps from a recently completed 96,000 SF media facility by East End Studios.

DAYS ON MARKET 11 LAST UPDATED 12/10/2024
YEAR BUILT 1983 COMMUNITY Glendale-South of 134 Fwy
GARAGE SPACES 8.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Refrigerator, Washer
AREA Glendale-South of 134 Fwy
GARAGE Door-Multi, Garage, Yes
HEAT Central
LOT 10137 sq ft
PARKING Door-Multi,Garage
STORIES 2
VIEW DESCRIPTION None
ZONING GLR3*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Compass

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