8
See all 8 photos
$1,550,000
Est. payment /mo
5 Beds
4 Baths
7,020 Sqft Lot
Active
638 Salem Street Glendale, CA 91203
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26132487
Bedrooms 5
Lot Size 7,020 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This well-maintained four-unit property presents an exceptional investment opportunity with stable rental income and significant upside potential. Ideally located in the highly desirable South Glendale neighborhood, just minutes from the Glendale Galleria and The Americana, this income-producing property offers immediate cash flow with the possibility for future rental growth and potential ADU development (buyer to verify).The property currently generates approximately$9,180per month in rental income and offers flexibility for both investors and owner-users. The front residence is a charming 2-bedroom, 1-bathroom home featuring approximately 994 square feet of living space. Amenities include central heating and air conditioning, in-unit laundry, a covered front porch and a detached garage. Situated behind the main house are three additional rental units, thoughtfully designed with detached walls to enhance privacy and minimize noise. Residents enjoy access to private and shared outdoor spaces, including small backyard areas.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
Location
State CA
County Los Angeles
Zoning Assessor
Direction chester and kenilworth
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5638005051
Acceptable Financing Cash
Listing Terms Cash
Listed by Christina Karapetyan, DRE#01431798 Lion Group Investments Inc
NEARBY SCHOOL & BUSINESS
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