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

419 Salem Street, Glendale, California 91203 home-pic-0

419 Salem Street

Glendale, California 91203

ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,714Sq Ft
6,873Lot Size

Property Price

LIST PRICE$1,995,000

SUMMARY

Analysis of 419 Salem Street, Glendale, California 91203 is currently available with a list price of $1,995,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Glendale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1950, this multi-family property has received recent cosmetic updates including laminate flooring and fresh paint. However, without interior photos of kitchens and bathrooms, and given the age of the building, it's highly probable these areas are outdated in style and features, even if functional. The presence of window AC units suggests a lack of central cooling. While the electrical panel appears somewhat updated, the overall infrastructure is likely original or very old, as indicated by the listing's 'Age of Property' weakness. The property is maintained and livable but requires more substantial updates beyond cosmetic to meet modern standards and maximize rental value.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Glendale Location

    Situated in the heart of Glendale, a vibrant city with high rental demand, convenient freeway access, and proximity to premier lifestyle destinations like the Americana at Brand and Glendale Galleria.

  • Rare Multi-Family Investment

    A rare 4-unit income property offering a balanced mix of 2-bedroom and 1-bedroom units, appealing to long-term investor confidence in a market known for premium rental rates.

  • Delivered Vacant with Value-Add Potential

    The entire building can be delivered vacant at closing, providing a blank slate for repositioning, cosmetic upgrades, and the ability to adjust rents to current market value.

CONSRISKS & DEFICIENCIES

  • Age of Property

    Built in 1950, the property's age suggests potential for outdated infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditure beyond cosmetic updates in the future.

  • No Current Rental Income History

    Currently owner-occupied, there is no established rental income or tenant history for immediate cash flow analysis, requiring a new investor to rely on market rent projections.

  • Potential for Extensive Renovation Costs

    While cosmetically updated, achieving 'current market value' rents and full 'repositioning' for a 1950 building may necessitate more substantial renovations than just cosmetic, potentially incurring significant additional investment.

About 419 Salem Street

Rare Multi-Family Offering in Prime Glendale Location Unlock the potential of this rare 4-unit 6 bedrooms 4 bath 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 at closing, providing a blank slate for repositioning, cosmetic upgrades, and the ability to adjust rents to current market value.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1950
Lot Size
6,873 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,7142,121
67%
Lot Size6,8736,873
50%
Price$2.00M$1.26M
67%
Price per sq ft$537$563
33%
Built year19501950
50%
HOA$0$0
50%
Days on market4181
33%

Pricing History

Listed for Sale

Jan 24, 2026

$1,995,000

Initial Listing

Sold

Jun 16, 2016

$800,000

Public Record

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