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Listed by Christina Karapetyan • Lion Group Investments Inc

$1,749,000

Est. payment - /mo

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2,314 SqFt

Active

638 Salem Street Glendale, CA 91203

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Daniel Ripper

[email protected] +1(415) 205-6312

UPDATED:

10/04/2024 02:27 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 Property in Desirable Glendale Neighborhood. This fully occupied four-unit property 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. 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. Back Units: Behind the Main House, there are three additional units, each with detached walls for enhanced privacy and reduced noise: 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 shar

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

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

Daniel Ripper

638 Salem Street Glendale, CA 91203

Daniel Ripper

Key Details

Location

Interior

Exterior

Building

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638 Salem Street