Property Details
About this Property
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 park
MLS Listing Information
MLS #
CRGD24198870
MLS Source
California Regional MLS
Days on Site
71
Interior Features
Appliances
Other
Cooling
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 1 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | 4 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
638 Salem St is a Residential Income in Glendale, CA 91203. This – square foot property sits on a 7,020 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,749,000 and was built in 1949. This address can also be written as 638 Salem St, Glendale, CA 91203.
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This listing information is up-to-date as of November 26, 2024. For the most current information, please contact Christina Karapetyan, (818) 434-4040
