$ 1,749,000
638 Salem Street Glendale, CA 91203
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$ 1,749,000
Est. payment /mo
Active
638 Salem Street Glendale, CA 91203
5 Beds
2,314 SqFt
UPDATED:
11/07/2024 02:18 AM
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 CRGD24198870
Bedrooms 5
HOA Y/N No
Year Built 1949
Lot Size 7,020 Sqft
Acres 0.16
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
Area Listing
Zoning GLR-
Interior
Cooling Central Air
Fireplace No
Laundry Common Area, Inside, See Remarks
Exterior
Exterior Feature Other
Utilities Available Other Water/Sewer
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 5638005051
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Listed by Christina Karapetyan • Lion Group Investments Inc