NOT LISTED FOR SALE
16 Beds
20 Baths
11,305 Sq Ft
10,019 Sq Ft Lot

Last Sold January 31, 2025

Last sale price $3,610,000 $319 Per Sq Ft

42 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Gated Home

About This Home

As of January 2025

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.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 12/10/2024

Compass

Last Buyer's Agent

Henry Horn

Compass License #01707653

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 10,137 Sq Ft Lot
  • Gated Home

Parking

  • 8 Car Garage

Interior Spaces

  • 11,305 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 20 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5677-001-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1983 | Remodeled

Lot Details

10,137 Sq Ft Lot

Parking

8

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 11305
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1983
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Wood Laminate
  • Bedrooms: 16
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 20.00
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 325.08

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Garage Spaces: 8
  • Parking Garage: Garage - 2 Car
  • Total Parking: 16

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 5677-001-002
  • Lot Size Area: 10137

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.28
  • Number Of Units: 8
  • Type Of Units: Townhomes
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

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
Source: The MLS

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-471043

The MLS
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