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327 S Madison Way
Glendale, CA 91205 Glendale

$3,675,000 USD

Apartments For Sale  •  11,305 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,305 SF
  • Lot Size 0.23 AC
  • Building Class B
  • Year Built 1983
  • Zoning GLR3*
61 Transit Score
90 Walk Score

Highlights

Offered at $325 per foot, lowest price per foot compared to sales of similar properties in the area over the last 12 months.
Enticing unit mix featuring (8) 2-bdrm. and 2.5-bath townhomes with direct access to a private 2-car garage, in-unit laundry, patio & central A/C.
Each unit averages approx. 1,413 SF, and tenants are responsible for paying the costs of gas, electric, and water.
$200K in capital improvements, and have upgrade several of the units w/ wood-laminate flooring, updated cabinetry, stainless-steel appliances & more.
Turnkey property with a new roof installed in 2019 and new decks in 2020.
The City of Glendale allows for an 8.8% annual rent increase (5% + CPI) - approx. 19% rental upside compared to renovated units in the area.

Property Flyers

Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Gated
  • Stainless Steel Appliances
  • Deck
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 2 min 16 min 0.7 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 5.9 mi
AirportDriveWalkDistance
Bob Hope 17 min - 11.3 mi
Los Angeles International 34 min - 20.8 mi
Long Beach (Daugherty Field) 39 min - 27.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: TwoCarGarage
Included in Rent: Yes
Kenny Stevens 310-940-8749 Compass
Kenny Stevens 310-940-8749 Compass