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

419 Salem Street
Glendale, California 91203
Property Price
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
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interior photos of kitchens and bathrooms, and given the age of the building, it's highly probable these areas are outdated in style and features, even if functional.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Built in 1950, the property's age suggests potential for outdated infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditure beyond cosmetic updates in the future.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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,714 | 2,121 | 67% |
| Lot Size | 6,873 | 6,873 | 50% |
| Price | $2.00M | $1.26M | 67% |
| Price per sq ft | $537 | $563 | 33% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 81 | 33% |
Pricing History
Listed for Sale
Jan 24, 2026
$1,995,000
Initial Listing
Sold
Jun 16, 2016
$800,000
Public Record

















