*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property 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 spacious townhome averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electricity, and water. Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting. This turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (per ownership). 327 S. Madison is located 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and an array of dining/entertainment amenities along Brand Blvd. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 23% rental upside compared to renovated units in the area. The property will stabilize at 6.15% CAP and 11.29 GRM at the list price.
Property Details
Property Features
Property Information:
Year Built: 1983
Stories: 2
Living Area: 11,305 SqFt
Listing Office:
Office Name: Compass
Office Phone: (310) 230-5478
Listing Agent: Kenny Stevens
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Dryer, Washer
Flooring Type: Tile
Bedroom and Bathroom Information:
Total Bedroom Count: 16
Exterior Features
Exterior Information:
View: None
Parking Information:
Garage Space: 16 spaces
Parking: Door-Multi, Garage
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Glendale High School, Public District Grades 9-12
Theodore Roosevelt Middle School, Public District Grades 6-8
Cerritos Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: 327 S. Madison is 0.2 miles south of the NEW East End Studio (1239 S. Glendale) and just north E. Los Feliz Rd. and S. Glendale Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $3,650,000
Price Per SqFt: $323/SqFt
Tax Information:
Annual Amount: $13,720
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Glendale, CA.
This property is $2.5M more than the Median Sold Price and $383/SqFt less than other homes in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24370485
Listing Office:
Office Name: Compass
Office Phone: (310) 230-5478
Listing Agent: Kenny Stevens
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$13,720
$1,138,722
2020
$12,882
$1,124,672
2019
$12,570
$1,102,620
2018
$12,388
$1,081,001
2017
$12,388
$1,059,806
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Cerritos Elementary School
120 E Cerritos Ave
Distance between this listing and this school0.32 miles
Public District Grades KG-6
Middle School
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.35 miles
Public District Grades 6-8
High School
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.59 miles
Public District Grades 9-12
Assigned Schools
7
/10
Cerritos Elementary School
120 E Cerritos Ave
Distance between this listing and this school0.32 miles
Public District Grades KG-6
Nearby Schools
8
/10
Horace Mann Elementary School
501 E Acacia Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-5
6
/10
John Muir Elementary School
912 S Chevy Chase Dr
Distance between this listing and this school0.84 miles
Public District Grades KG-6
Assigned Schools
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.35 miles
Public District Grades 6-8
Nearby Schools
7
/10
Washington Irving Middle School Math, Music and Engr
3010 Estara Ave
Distance between this listing and this school1.09 miles
Public Magnet Grades 6-8
7
/10
Celerity Octavia Charter
3010 Estara Ave
Distance between this listing and this school1.09 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.59 miles
Public District Grades 9-12
Nearby Schools
7
/10
Alliance Environmental Science and Technology High School
2930 Fletcher Dr
Distance between this listing and this school1.08 miles
Public Charter Grades 9-12
3
/10
Los Angeles River at Sonia Sotomayor Learning Academy
2050 N San Fernando Rd
Distance between this listing and this school2.02 miles
The neighbors living near this home have an average income of $77,679. The most common annual income of people living in Glendale, CA is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 327 S Madison Way
What is the listing price of this property?
The listing price of 327 S Madison Way property is $3,650,000.
What type of property is this?
The property 327 S Madison Way is a house located in Glendale, California, 91205.
Is this property for sale now?
Active Listing: 327 S Madison Way is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 327 S Madison Way are: Cerritos Elementary School: GreatSchools Rating 7/10Theodore Roosevelt Middle School: GreatSchools Rating 6/10Glendale High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $13,720 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 327 S Madison Way has 16 bedrooms and 20 bathrooms.
What is the square footage of this property?
The property 327 S Madison Way is 11,305 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 327 S Madison Way is 1983.
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This home is located at 327 S Madison Way in Glendale, CA and zip code 91205 in the Adams Hill neighborhood. This 11,305 square foot home, which was built in 1983, sits on a 0.24 acre lot. Features: 16 bedrooms, 20 bathrooms. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $3,650,000.
In March 2024, from all listings sold in Glendale, CA there were more than 30 sold above asking price, over 16 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Glendale, CA increased by 11.4% between February 2024 and March 2024. Listings spent 31 days on the market in March 2024, and had a median list price of $1,150,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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