638 Salem Street

Glendale, CA 91203

  • 5 Bed(s)
  • 4 Bath(s)
  • 2,314 Sqft
  • 7020
    Sqft(Lot)
$1,749,000

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 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 water heater, new refrigerator, new stove/oven, and new wall air conditioning unit.

unit b: new water heater (2024) 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.

see the attached profit and loss.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48299730

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer,Unknown

    Interior Features

    • Interior Features: All Bedrooms Down

  • Building Information

    • Year Built: 1949
    • Building Area Total: 2,314

    Pool Features

    • None

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1612
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7020

  • Listing Price Information

    • Original List Price: 1,749,000
    • Listing Contract Date: 2025-01-08

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5638005051

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 628 - Glendale-South of 134 Fwy
    • Directions: south of 134 freeway
    • Zoning: GLR-4*
    • Source Property Type: Residential Income
    • Area: 628 - Glendale-South of 134 Fwy
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 76
    • Common Walls: 1 Common Wall
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 01/20/2025 @ 23:00

  • MLS: GD25003773
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 5 bedrooms which is for sale, it has 2,314 sqft, 7,020 sized lot, and 1 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Glendale , in zip code 91203, this Los Angeles County Home are nearby neighborhoods.