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638 Salem Street

Glendale, CA 91203
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Bed 5

Bed

Bath 4

Bath

SqFt2,314

Sqft

SqFt7,020

Sqft(Lot)

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 Pleasedon'tdisturbthe tenants.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,550,000

AD Id : 85157146

MLS Id : GD26132487

Beds : 5

Lot Size : 7,020 Sqft

Living Area Size : 2,314

Year Built : 1949

Garage : 1

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1949
    Building Area Total: 2314
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7020 Lot Size Acres: 0.1612 Lot Size Source: Assessor Lot Size Square Feet: 7,020 Lot Description: 2-5 Units/Acre

  • Listing Price Information

    Listing Price: $1550000
    Cash, Cash to New Loan

  • Tax Information

    Parcel Number: 5638005051 Tax Lot: 49

  • Parking Information

    Parking Total: 3

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: chester and kenilworth WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
328 W California, Glendale, CA, 91203 $1,695,000 7 7 2,311 2,311 SqFt
343 Concord Street, Glendale, CA, 91203 $1,199,000 5 5 1,816 1,816 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/07/2026 @ 22:33

MLS: GD26132487 LISTED BY: Christina Karapetyan, Lion Group Investments Inc 818-434-4040 SOURCE: CRMLS

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