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327 S Madison Way
Glendale, CA 91205
(8) 2-Bdrm. & 2.5-Bath Townhomes in Glendale · Multifamily Property For Sale
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8 Units
Investment Highlights
- ***Just reduced by $225,000 - BRING ALL OFFERS - Current ownership is motivated to meet the market***
- Each unit averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electric, and water
- Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting
- (8) 2-bdrm. and 2.5-bath townhomes with direct access to a private 2-car garage, in-unit laundry, private patio, and central A/C
- Turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (pe
- City of Glendale currently allows an 8.8% annual rental increase (5% + CPI)
Property Facts
| No. Units | 8 | Building Size | 11,305 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| 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 | 3 |
| Year Built | 1983 |
| 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 | $2,755 | 1,175 - 1,388 |
Property Taxes
| Parcel Number | 5677-001-002 | Improvements Assessment | $2,448,000 |
| Land Assessment | $1,234,200 | Total Assessment | $3,682,200 |
Property Taxes
Parcel Number
5677-001-002
Land Assessment
$1,234,200
Improvements Assessment
$2,448,000
Total Assessment
$3,682,200
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