638 Salem Street
Glendale, CA 91203
- 5 beds
- – baths
- 2,314 sqft
- 7,020 sqft lot
- $755 per sqft
- 1949 build
- – on site
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
Last checked:
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Last updated Dec 14, 2024
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MLS# CRGD24198870 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1949
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Building Area Units:Square Feet
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Building Area Total:2314
Room Dimensions
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Living Area:2314
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Living Area Units:Square Feet
Location
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Directions:san fernando and salem
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:5638005051
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Zoning:GLR-
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Lot Size Area:0.16
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Lot Size Acres:0.16
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Lot Size SqFt:7020
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (818) 434-4040
Taxes
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Tax Tract:3017.02
Beds
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Bedrooms Total:5
The Listing
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Listing TermsCash
Heating & Cooling
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Other Water/Sewer
Appliances
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Laundry Features:Common Area
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:3
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Parking Features:Tandem
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/26/24
Sep 26, 2024
|
Listed / Active | BRIDGE | $1,749,000 | 38.8% (4.7% / YR) |
|
7/7/16
Jul 7, 2016
|
CRMLS_CA | $1,260,000 |
