14
See all 14 photos
$1,749,000
Est. payment /mo
7,020 Sqft Lot
Active
638 Salem ST Glendale, CA 91203
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UPDATED:
02/23/2025 01:18 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25003773
Originating Board California Regional MLS
Year Built 1949
Lot Size 7,020 Sqft
Property Sub-Type Fourplex
Property Description
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 park
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Exterior
Garage Spaces 3.0
Pool None
Building
Story One Story
Sewer TBD
Water District - Public
Others
Tax ID 5638005051
Special Listing Condition Not Applicable
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Listed by Christina Karapetyan • Lion Group Investments Inc