Seller's Agent in 2025
Kenny Stevens
Compass
(424) 284-4453
1 in this area
44 Total Sales
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.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $3,610,000 | -1.8% | $319 / Sq Ft | |
| 01/21/2025 01/21/25 | Pending | -- | -- | -- | |
| 12/10/2024 12/10/24 | For Sale | $3,675,000 | +8.1% | $325 / Sq Ft | |
| 12/15/2021 12/15/21 | Sold | $3,400,000 | -8.1% | $301 / Sq Ft | View Prior Sale |
| 10/15/2021 10/15/21 | Pending | -- | -- | -- | |
| 09/23/2021 09/23/21 | For Sale | $3,700,000 | -- | $327 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $39,865 | $3,608,106 | $1,443,242 | $2,164,864 |
| 2024 | $39,865 | $3,537,360 | $1,414,944 | $2,122,416 |
| 2023 | $38,971 | $3,468,000 | $1,387,200 | $2,080,800 |
| 2022 | $38,307 | $3,400,000 | $1,360,000 | $2,040,000 |
| 2021 | $13,720 | $1,136,322 | $397,706 | $738,616 |
| 2019 | $12,882 | $1,105,020 | $385,911 | $719,109 |
| 2018 | $12,571 | $1,083,401 | $378,345 | $705,056 |
| 2016 | $11,892 | $1,039,026 | $363,654 | $675,372 |
| 2015 | $11,658 | $1,023,420 | $358,192 | $665,228 |
| 2014 | $11,605 | $1,003,374 | $351,176 | $652,198 |
Seller's Agent in 2025
Kenny Stevens
Compass
(424) 284-4453
1 in this area
44 Total Sales
Buyer's Agent in 2025
Henry Horn
Compass
(424) 279-2910
1 in this area
17 Total Sales
Buyer Co-Listing Agent in 2025
Joe Myere
Compass
(702) 339-1341
1 in this area
17 Total Sales
Seller's Agent in 2021
Nicholas Petrosian
RE/MAX
(949) 607-7096
1 in this area
49 Total Sales
Source: The MLS
MLS Number: 24-471043
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