638 Salem Street

Glendale, CA 91203

$1,749,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1949

calendar_month Built

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.

Listing Information

List Price $1,749,000
Status Active
MLS GD24198870
Type Residential Income
Subtype Quadruplex
Year Built 1949
Lot Size 7,020
Structure Size N/A
DOM 29
Courtesy Of Lion Group Investments Inc
Listing Agent Christina Karapetyan DRE#01431798

Interior Features

Laundry Information
Location(s) Common Area, Inside, See Remarks
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Christina Karapetyan, Lion Group Investments Inc 818-434-4040. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 10:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.