638 Salem Street
Glendale, CA 91203
- – beds
- – baths
- – sqft
- 7,020 sqft lot
- 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 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.
Last checked:
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Last updated Jan 17, 2025
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MLS# GD25003773 —
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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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2314.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:4
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Stories Total:1
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Entry Level:1
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Common Walls:1 Common Wall
Interior
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Levels:One
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Entry Location:1
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Room Type:All Bedrooms Down
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Laundry:See Remarks
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Laundry:1
Location
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Directions:south of 134 freeway
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Latitude:34.14862200
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Longitude:-118.26831100
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:GLR-4*
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7020.0000
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Lot Size Acres:0.1612
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Lot Size SqFt:7020.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:3017.02
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Tax Tract:3399
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Tax Lot:49
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5638005051
Utilities
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Utilities:Sewer Connected
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Sewer:Public Sewer, Unknown
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Water Source:Public
The Community
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Features:Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:3.00
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Garage Spaces:1.00
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Uncovered Spaces:2.00
Extra Units
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Average 1 Bed Area:458
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Average 2 Bed Area:994
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Average Studio Area:302
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/9/25
Jan 9, 2025
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Listed / Active | CRMLS_CA | $1,749,000 | 38.8% (4.6% / YR) |
|
9/26/24
Sep 26, 2024
|
Listed / Active | CRMLS_CA | ||
|
7/7/16
Jul 7, 2016
|
CRMLS_CA | $1,260,000 |
