
Glendale, California 91203
This four-unit Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,550,000—positioned above the $1,382,804 Fair Market Value. While priced at a premium, the property generates a robust $9,180 monthly income and features a Condition Rating of 3, reflecting significant recent system upgrades. With a privacy-oriented layout, private patios, and potential for ADU development, this property offers long-term growth in a high-demand location. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and future appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 638 Salem Street Subject | $1,550,000* List Price | 0 | 0 | 2,314 | $598 | - |
A 516 W Lexington Sold | $1,300,000 | 0 | 0 | 2,592 | $502 | 0.3 mi |
B 711 W Wilson Sold | $1,150,000 | 0 | 0 | 2,044 | $563 | 0.1 mi |
C 328 W California Active | $1,695,000 List Price | 0 | 0 | 2,311 | $733 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1949, the property has undergone significant maintenance and partial renovations within the 5-15 year window. Key systems have been addressed, including new water heaters (2024), central AC in specific units, and kitchen/bath updates (2017). The property is functional, well-maintained, and move-in ready for tenants.
Situated in the highly sought-after South Glendale area near the Americana at Brand and Glendale Galleria, ensuring high tenant demand and long-term appreciation.
The property generates a robust $9,180 monthly income with significant potential for rental increases and future ADU development to maximize ROI.
The unique configuration featuring detached walls between units minimizes noise transfer and provides private outdoor spaces, enhancing tenant satisfaction and retention.
With the studio at 302 sqft and the one-bedroom at 458 sqft, the small living footprints may limit the appeal for tenants seeking more spacious accommodations.
Several units rely on street parking, which can be a competitive challenge in high-density Glendale neighborhoods and may impact future rentability.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,314 | 2,189 |
| Lot Size | 7,020 | 8,140.5 |
| Price | $1.55M | $1.23M |
| Price per sq ft | $670 | $595 |
| Built year | 1949 | 1938 |
| HOA | $0 | $0 |
| Days on market | 34 | 50 |
Jun 18, 2026
$1,550,000
Initial Listing
Jun 10, 2016
$1,260,000
Public Record