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. 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). Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI).
(8) 2-Bdrm. & 2.5 Townhomes in Glendale | Built in 1983
327 S. Madison Way, Glendale
Property Details
Price $3,875,000
Year Built 1983
# of Units 8
Price P/ Unit $484,375
Sq. ft. 11,305 SF
Price p/ Sq. ft. $343
Current Cap Rate 4.77%
Proforma Cap Rate 6.19%
Lot Size 10,134 SF
Zoning GLR3
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