638 Salem Street, Glendale, CA 91203
Local realty services provided by:CENTURY 21 Classic Estates
638 Salem Street,Glendale, CA 91203
$1,550,000
- - Beds
- - Baths
- 2,314 sq. ft.
- Multi-family
- Active
Listed by: christina karapetyan
Office: lion group investments inc818-434-4040
MLS#:GD26132487
Source:CRMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$669.84
About this home
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 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. With its outstanding location, privacy-oriented layout, ample parking, outdoor spaces, and potential for future rental increases, this property is an excellent opportunity for investors seeking long-term growth in one of Glendale’s most desirable neighborhoods. Contact the listing agent for profit and loss
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Home facts
- Year built:1949
- Listing ID #:GD26132487
- Added:1 day(s) ago
- Updated:June 18, 2026 at 10:35 PM
Rooms and interior
- Living area:2,314 sq. ft.
Structure and exterior
- Year built:1949
- Building area:2,314 sq. ft.
- Lot area:0.16 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$669.84
Parking
- Total parking spaces:3
- Garage:Yes
- Garage spaces:1
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