327 S Madison Way
Glendale, CA 91205
- – beds
- – baths
- – sqft
- 10,137 sqft lot
- 1983 build
- – on site
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.
Last checked:
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Last updated Dec 18, 2024
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MLS# 24471043 —
The Building
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Year Built:1983
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New Construction:No
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Building Area Total:11305.00
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Total Number Of Units:8
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# of Buildings:2
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Stories Total:2
Interior
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Levels:Two
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Flooring:Tile
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:Located just east S. Glendale Ave and Los Feliz Rd, 327 Madison is approx. 1.4 miles from The Americana and approx. 1.2 miles from the heart of Atwater Village.
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Latitude:34.12910300
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Longitude:-118.25140200
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:GLR3*
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Lot Size Area:10137.0000
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Lot Size Acres:0.2327
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Lot Size SqFt:10137.00
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View:None
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Security Features:Gated Community
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5677001002
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Dishwasher, Disposal, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Two Door
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Parking Spaces:16.00
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Garage Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/10/24
Dec 10, 2024
|
Listed / Active | CRMLS_CA | $3,675,000 | 8.1% (2.7% / YR) |
|
4/25/24
Apr 25, 2024
|
Price Changed | CRMLS_CA | ||
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4/18/24
Apr 18, 2024
|
Listed / Active | CRMLS_CA |
