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$1,749,000
89 Days On Site

638 Salem Street
Glendale, CA 91203

For Sale|Quadruplex|Active
0
Beds
0
Full Baths
0
Partial Baths
2,314
SqFt
$756
/SqFt
1949
Built
County:
Los Angeles
Listed by Christina Karapetyan of Lion Group Investments Inc [email protected]

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638 Salem Street638 Salem Street638 Salem Street638 Salem Street
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Prime Investment Opportunity: Four-Unit Fully Occupied Property in Desirable Glendale Neighborhood This four-plex presents an outstanding investment opportunity with stable tenants and substantial potential for rental income growth. Located in the sought-after Glendale area, just minutes from the Glendale Galleria and The Americana, this rare property offers immediate returns with the possibility for future rent adjustments. Total rental income is $8,840. Live in the front unit and rent out the back 3 units for $6,090. MAIN HOUSE: The charming front house is a two-bedroom, one-bathroom residence, offering approximately 994 square feet of living space. It features modern conveniences such as central heating, air conditioning, in-unit laundry, a covered porch, and an attached garage. This combination of amenities makes it an attractive option for tenants seeking comfort and convenience. Total rental income is $2,750. BACK UNITS: Behind the Main House, there are three additional units, each with detached walls for enhanced privacy and reduced noise. Total rental income for the back units is $6,090: Unit A: A 302-square-foot studio with easy street parking available. Unit B: A 624-square-foot two-bedroom, one-bath unit with ample space for outdoor seating and two tandem parking spots on the driveway. Unit C: A 458-square-foot one-bedroom, one-bath unit, with a private patio for outdoor seating and easy street parking available. The back units share access to coin-operated communal washing machine and dryer IMPROVEMENTS: Main House: New washing machine (2017) and new dishwasher (2017). Unit A: New refrigerator, new stove/oven, and new wall air conditioning unit. Unit B: New water heater and upgraded kitchen countertop/cabinets (2017). Unit C: New water heater, new central air conditioning, new stove/oven, and new bathroom vanity. Common Area: New water heater for laundry area, new metal gate, three nest cameras for added surveillance and plants. With its unbeatable location, privacy-focused layout, outdoor spaces, ample parking options, and potential for rent increases, this property is perfect for investors looking to capitalize on the growing demand in the Glendale area.

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Listing Snapshot
Price 
$1,749,000
Days On Site 
89 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,314 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1612 Acres
Year Built 
1949
MLS® Number 
GD24198870
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoStatus changed to Active
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.1612
Garage 
Yes
Garage Spaces 
1
Number Of Stories 
1
Parking 
GarageTandem
Parking Spaces 
3
Property Sub Type 
Quadruplex
Sewer 
Unknown
Special Circumstances 
Standard
SqFt Total 
2314
Water Source 
Public
Zoning 
GLR-4*
Interior Features
Cooling 
Central Air
Laundry Features 
Common AreaInsideSee Remarks
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Exterior Features
Pool Features 
None
Community Features
Building Access 
street
Community Features 
Sidewalks
Financing Terms Available 
Cash
MLS Area 
628 - Glendale-South of 134 Fwy


This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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