Exterior of multifamily building located at 327 madison way with brown stucco and drought-resistant landscaping.

Closed Listing

(8) 2-Bdrm. & 2.5 Townhomes in Glendale | Built in 1983

327 s madison way

sold in

Glendale

8

Number of Units

1983

Year Built

11,305

SF

Square Footage

10,134

SF

Lot Size

GLR3

Zoning

327 S Madison Way, Glendale, CA 91025

About the Property

327 S Madison Way is an 8-unit townhouse-style complex offered at the lowest price per foot compared to sales of similar properties in the last 12 months. Built in 1983, 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 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.  In addition, 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. Property amenities include gated entry and community laundry.

8

Number of Units

1983

Year Built

11,305

SF

Square Footage

10,134

SF

Lot Size

GLR3

Zoning

Price P/ Unit

$451,250

Price p/ Sq. ft.

$319

Proforma Cap Rate

6.52%

Contact

Sales agent

Street view of 327 s madison way apartments with well-maintained landscaping, gated entry, and a shared driveway.
Street view of 327 s madison way apartments with well-maintained landscaping, gated entry, and a shared driveway.
Street view of 327 s madison way apartments with well-maintained landscaping, gated entry, and a shared driveway.
Street view of 327 s madison way apartments with well-maintained landscaping, gated entry, and a shared driveway.
Renovated kitchen at 327 s madison way with stainless steel appliances, new cabinets, and quartz countertops.
Renovated kitchen at 327 s madison way with stainless steel appliances, new cabinets, and quartz countertops.
Renovated kitchen at 327 s madison way with stainless steel appliances, new cabinets, and quartz countertops.
Renovated kitchen at 327 s madison way with stainless steel appliances, new cabinets, and quartz countertops.
Living room at 327 s madison way with staged furniture and sliding door leading to a private patio area.
Living room at 327 s madison way with staged furniture and sliding door leading to a private patio area.
Living room at 327 s madison way with staged furniture and sliding door leading to a private patio area.
Living room at 327 s madison way with staged furniture and sliding door leading to a private patio area.
Renovated bathroom at 327 s madison way with new wood cabinets, quartz countertops, and modern tiles.
Renovated bathroom at 327 s madison way with new wood cabinets, quartz countertops, and modern tiles.
Renovated bathroom at 327 s madison way with new wood cabinets, quartz countertops, and modern tiles.
Renovated bathroom at 327 s madison way with new wood cabinets, quartz countertops, and modern tiles.

Video

MEET THE TEAM

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Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.