$ 1,749,000
638 Salem Street Glendale, CA 91203
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Listed by Christina Karapetyan • Lion Group Investments Inc
$ 1,749,000
Est. payment /mo
Active
638 Salem Street Glendale, CA 91203
2,314 SqFt
UPDATED:
11/07/2024 08:34 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
HOA Y/N No
Originating Board Datashare California Regional
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 parking spots
Location
State CA
County Los Angeles
Interior
Cooling Central Air
Fireplace No
Laundry Common Area, Inside, See Remarks
Exterior
Parking Type Tandem, Other
Building
Water Public
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