RealKey
‪(213) 433-7766‬

419 Salem Street, Glendale, California 91203, Glendale, 91203 - bed, bath

419 Salem Street, Glendale, California 91203 home-pic-0
ACTIVE$2,199,000
419 Salem Street, Glendale, California 91203
0Bed
0Bath
3,714Sqft
6,873Lot
Year Built
1950
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
GD25239893
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.20M(75th), sqft - 3714(75th), beds - undefined(50th), baths - undefined(50th).

Rare Multi-Family Offering in Prime Glendale Location Unlock the potential of this rare 4-unit income property situated in the heart of Glendale—one of Los Angeles County’s most vibrant and enduringly popular cities . Renowned for its strong community character, high rental demand, and convenient access to major freeways, Glendale continues to command premium rental rates and long-term investor confidence. This well-positioned asset offers a balanced mix of unit types: two generously sized 2-bedroom, 1-bath residences and two specious 1-bedroom, 1-bath units. Each unit has its own ELECTRIC and GAS meters and has been updated with features including laminate flooring and fresh interior/exterior paint. A dedicated carport provides four covered parking spaces—one per unit. The property’s unbeatable location places it just minutes from two of Glendale’s premier lifestyle destinations: the Americana at Brand and the recently reimagined Glendale Galleria. These nearby attractions make it especially appealing to prospective tenants seeking a live-work-play environment. All 4 unit is currently owner occupied. An added advantage for investors: the entire building can be delivered vacant within 60 days of closing, providing a blank slate for repositioning, cosmetic upgrades, and the ability to adjust rents to current market value.

Price History

Date
Event
Price
10/15/25
Listing
$2,199,000
Condition Rating
Fair
Built in 1950, this multi-unit property has received recent cosmetic updates including laminate flooring and fresh interior/exterior paint. However, the description explicitly states it's a 'blank slate for repositioning, cosmetic upgrades' and highlights the 'Age of Property & Systems' as a weakness, suggesting major systems may require significant capital expenditure. There are no images or specific details provided for kitchens or bathrooms, which, given the property's age and the general nature of the updates, indicates they are likely outdated and will require substantial renovation to meet current market expectations. The property is functional and livable (currently owner-occupied) but shows clear signs of age and requires more than minor updates to be considered modern or move-in ready for new tenants.
Pros & Cons

Pros

Prime Glendale Location: Situated in a highly desirable Glendale neighborhood, known for strong community character, high rental demand, convenient freeway access, and proximity to major lifestyle destinations like Americana at Brand and Glendale Galleria.
Vacant Delivery & Rent Upside: The entire building can be delivered vacant within 60 days, offering a rare opportunity for immediate repositioning, cosmetic upgrades, and the ability to adjust rents to current market value without tenant relocation challenges.
Individual Utility Metering: Each unit is separately metered for electric and gas, shifting utility costs to tenants and significantly reducing the owner's operating expenses.
Dedicated Covered Parking: The property includes four dedicated covered parking spaces, one for each unit, which is a valuable and highly sought-after amenity in an urban setting.
Recent Cosmetic Updates: Units have been updated with laminate flooring and fresh interior/exterior paint, providing a refreshed appearance and potentially reducing immediate cosmetic renovation costs for a new owner.

Cons

Age of Property & Systems: Built in 1950, the property is over 70 years old, suggesting that major systems (e.g., plumbing, electrical, roof, HVAC) may require significant capital expenditure in the near future, despite recent cosmetic updates.
Lack of Cooling System Mention: The property description does not specify the presence of air conditioning in the units, which could be a significant drawback for prospective tenants in Glendale's climate and may necessitate future investment.
Initial Vacancy Period: While beneficial for repositioning, the 60-day vacant delivery means the property will not generate immediate rental income upon closing, requiring the new owner to absorb carrying costs during the lease-up phase.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state