Glendale, CA 91203,638 Salem Street
Glendale, CA 91203,638 Salem Street
Glendale, CA 91203,638 Salem Street
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Listed by Christina Karapetyan • Lion Group Investments Inc
$1,749,000
Est. payment /mo
2,314 SqFt
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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 CRGD25003773

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1949

Lot Size 7,020 Sqft

Property Sub-Type Quadruplex

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 parking spots

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry See Remarks

Building

Water Public


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agent

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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