$ 1,749,000
638 Salem ST Glendale, CA 91203
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,749,000
Est. payment /mo
Active
638 Salem ST Glendale, CA 91203
7,020 Sqft Lot
UPDATED:
11/06/2024 11:54 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD24198870
Originating Board California Regional MLS
Year Built 1949
Lot Size 7,020 Sqft
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
Interior
Cooling Central AC
Laundry Laundry Area, Other
Exterior
Garage Garage
Garage Spaces 3.0
Pool None
Building
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