Glendale, CA 91203,638 Salem ST
Glendale, CA 91203,638 Salem ST
Glendale, CA 91203,638 Salem ST
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$1,749,000
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2,314 SqFt
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638 Salem ST Glendale, CA 91203

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UPDATED:

10/25/2024 10:03 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,314 sqft

Price per Sqft $755

MLS Listing ID GD24198870

HOA Y/N No

Year Built 1949

Lot Size 7,021 Sqft

Acres 0.1612

Property Description

Prime Investment Opportunity: Four-Unit Property in Desirable Glendale Neighborhood.
This fully occupied four-unit property 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.

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 or you can live in the front unit and have the back units cover most of your mortgage.

Back Units:
Behind the Main House, there are three additional units, each with detached walls for enhanced privacy and reduced noise:
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.

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.

·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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR-4*

Rooms

Ensuite Laundry Common Area, Inside, See Remarks

Interior

Laundry Location Common Area,Inside,See Remarks

Cooling Central Air

Fireplace No

Laundry Common Area, Inside, See Remarks

Exterior

Garage Garage, Tandem, Uncovered

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Parking Type Garage, Tandem, Uncovered

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 5638005051

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Christina Karapetyan • Lion Group Investments Inc • 818-434-4040

GET MORE INFORMATION

Frances Inda

Realtor | License ID: 01785933

+1(858) 753-3405

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638 Salem ST