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327 S Madison Way
Glendale, CA 91205
(8) 2+2.5 Townhomes @ $325 per Foot · Multifamily Property For Sale
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8 Units
Investment Highlights
- Offered at $325 per foot, lowest price per foot compared to sales of similar properties in the area over the last 12 months.
- Each unit averages approx. 1,413 SF, and tenants are responsible for paying the costs of gas, electric, and water.
- Turnkey property with a new roof installed in 2019 and new decks in 2020.
- 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.
- $200K in capital improvements, and have upgrade several of the units w/ wood-laminate flooring, updated cabinetry, stainless-steel appliances & more.
- 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 Facts
| No. Units | 8 | Building Size | 11,305 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1983/2019 |
| Building Class | B | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | GLR3* | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 11,305 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2019 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | GLR3* |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Stainless Steel Appliances
- Deck
- Patio
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | $2,792 | 1,413 |
Property Taxes
| Parcel Number | 5677-001-002 | Improvements Assessment | $2,164,864 |
| Land Assessment | $1,443,242 | Total Assessment | $3,608,106 |
Property Taxes
Parcel Number
5677-001-002
Land Assessment
$1,443,242
Improvements Assessment
$2,164,864
Total Assessment
$3,608,106
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