Active

638 Salem Street

Glendale, CA 91203
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Bed 0

Bed

Bath 0

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 : Residential Income

Price : $1,550,000

AD Id : 85157146

MLS Id : GD26132487

Lot Size : 7,020 Sqft

Living Area Size : 2,314

Year Built : 1949

Garage : 1

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1949 Building Area Total: 2,314
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1612
  • Lot Size Source: Assessor Lot Size Square Feet: 7020

  • Listing Price Information

    Original List Price: 1,550,000 Listing Contract Date: 2026-06-17
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5638005051

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 628 - Glendale-South of 134 Fwy Directions: chester and kenilworth Source Property Type: Residential Income Area: 628 - Glendale-South of 134 Fwy Property SubType: Quadruplex
  • Building and Construction

    Property Age: 77 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1
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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

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ByOwner last updated this listing 06/19/2026 @ 22:45

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

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