Description

327 S. Madison Way is a well-maintained townhouse complex in Glendale, which currently allows a 10% annual rent increase. Located just east of Glendale Ave and two blocks south of Chevy Chase Dr, the property is 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and a wide array of dining/entertainment options along Brand Blvd. This well-maintained townhouse complex, built in 1983, features (8) 2-bdrm. and 2.5-bath townhouse-style units. Each bright and spacious unit is approx. 1,200+ SF each features central A/C, direct access to a private 2-car garage, an in-unit washer and dryer, and a private patio. Several upgraded units include wood laminate flooring, stainless steel appliances, and quartz countertops. The property presents a value-add opportunity, as current rents are approx. 21% below market compared to renovated units in the building. This turnkey property features a new roof installed in 2019 and controlled access. Located near notable employers (KABC-7, Adventist Health Glendale Hospital, and Walt Disney Animation) and blocks from Downtown Glendale, 327 S. Madison is a great turnkey property in the heart of a landlord-friendly community.