CA > Glendale
Glendale, CA 91205,327 S Madison Way
Glendale, CA 91205,327 S Madison Way
Glendale, CA 91205,327 S Madison Way
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John Matukas

John Matukas

+1(323) 377-4961
$3,675,000
Est. payment /mo
16 Beds
20 Baths
11,305 SqFt
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UPDATED:

12/18/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,305 sqft

Price per Sqft $325

MLS Listing ID 24-471043

Bedrooms 16

Construction Status Updated/Remodeled

Year Built 1983

Lot Size 10,137 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR3*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Tile, Wood Laminate

Equipment Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Garage - 2 Car

Garage Spaces 16.0

View Y/N No

View None

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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John Matukas

+1(323) 377-4961

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