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Stacey Alysson Melman

638 Salem ST
Glendale, CA, 91203
$1,550,000
Beds
0 Baths
0 SqFt
0.16 Acres
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MLS #GD26132487 image #0
Opportunity for owner-user. Seller is willing to assist with tenants relocation to deliver vacant at close of escrow.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 new water heater. 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.
AGENT: Christina Karapetyan
LISTING BROKERAGE: Lion Group Investments Inc
638 Salem ST
Glendale, CA

Property Details

Price:
$1,550,000
MLS #:
GD26132487
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
628glendalesouthof134fwy
Listed Date:
Jun 18, 2026
Total Sq Ft:
2,314
Lot Size:
7,020 sqft / 0.16 acres (approx)
Year Built:
1949
628 – Glendale-south Of 134 Fwy628glendalesouthof134fwy
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Schools

Interior

Laundry Features
AR
Levels
A

Exterior

Common Walls
_2CW
Community Features
VLY
Garage Spaces
1
Parking Spots
3
Parking Total
3

Financial

Net Operating Income
$83,148

Map

Community

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