419 Salem Street

Glendale, CA 91203

$1,890,000
Price
6
Beds
4
Baths
3,714 Sq. Ft.
$509 / Sq. Ft.
3,714
Sq. Ft.
$509
per Sq. Ft.

Description

Location, location! This is an exceptional opportunity for an investor or a buyer to own a "Owner Occupied" 4 Unit Multi-Family Building in City of Glendale, Glendale is and will most likely always be one of the highest demands, a self-incorporated City in L. A., EZ freeway access to everywhere, Glendale attracts great demand and dictates high rental rents. This is a wonderful starter investment in Glendale, Specious Four (4) unit building, The building consists of a Two spacious (Approximately 1100...Location, location! This is an exceptional opportunity for an investor or a buyer to own a "Owner Occupied" 4 Unit Multi-Family Building in City of Glendale, Glendale is and will most likely always be one of the highest demands, a self-incorporated City in L. A., EZ freeway access to everywhere, Glendale attracts great demand and dictates high rental rents. This is a wonderful starter investment in Glendale, Specious Four (4) unit building, The building consists of a Two spacious (Approximately 1100 SQFT, 2Bedroom, 1 Bath Units) and Two (Approximately 700 SQFT 1Bedroom, 1-bedroom Units) Buyer to verify! , Separately metered Units, Updated units with laminate flooring, newly painted building, The property offers 4-car carport spaces, One space for each unit. The property is located within within close proximity of the Americana at Brand and the recently remodeled Glendale Galleria shopping mall. “Property could be vacated in its entirely if required within 60 days after close of escrow” which could offer exceptional opportunities for an investor to rent the units at much higher rental rate with moderate upgrading of the units.
  1. Listed by Vahik Beglarian • DRE #00941552 • Brokerage DRE #01079007 • Coldwell Banker Hallmark • 818-203-5471
  2. Listed by Shalita Dergazarian • DRE #01087355 • Brokerage DRE #01079007 • Coldwell Banker Hallmark

Property Details for 419 Salem Street

View
None
Parking Spaces Total
5
Private Pool
No
Total Units
4.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
LISTING UPDATED: 09/17/2024 12:23 PM

Property Details for 419 Salem Street

StatusActive
MLS #GD24163389
Days on Market113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.16 AC / 6,873 SF
CountyLos Angeles County

Building Information for 419 Salem Street

Stories2Residences-Year Built1950Building Size-Lot Size0.16 AC / 6,873 SF

Property Information for 419 Salem Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $88,800
  • Net Operating Income: $62,160
Expense Details
  • Operating Expense: $26,640
  • Operating Expense Percent: 30.00%
  • Fuel Expense: $400
  • Electric Expense: $526
  • Insurance Expense: $1,348
  • Trash Expense: $1,596
  • Water Sewer Expense: $6,574
  • Total Expenses: $10,444
Tax / Assessment Info
  • Tax Tract Number: 839
  • Tax Census Tract: 3018.02
  • CFD/Mello-Roos Fee: $453
  • Tax Lot: 50
Community / Development
Community / Development
  • Accessibility Features: 32 Inch Or More Wide Doors, Parking
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Water Heater, Water Heater
  • Room Type: Kitchen
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Construction Materials: Frame, Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: Street,Driveway
  • Fence: Yes
  • Fencing: Fair Condition, Wood
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999, Sprinklers In Front
  • Land Lease: No
  • Road Surface Type: Gravel
  • Road Frontage Type: City Street
  • Sewer: None
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Carport Spaces: 5
  • Parking Features: Assigned, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Disposal: 4

Property History for 419 Salem Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 419 Salem Street

Taxable ValueLand$557,077Additions$371,385Total$928,462
Tax Record2024$10,534 ($878 / month)
Home Facts
Total Finished SqFt3,714 SqFtAbove Grade Finished SqFt3,714 SqFtLot Size6,871 SqFtStyleQuadraplexYear Built1950ZoningGLR4YYCountyLOS ANGELESAPN5637-017-032

Schools near 419 Salem Street

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Columbus Elementary School
PublicK to 5

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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419 Salem Street is a multi-family home for sale in Glendale, CA 91203. This property was listed for sale on August 8, 2024 by Coldwell Banker Hallmark, it's currently listed at $1,890,000. It has been on the market for a total of 113 days and was last sold on June 16, 2016. This listing's school district is Glendale Unified School District. Nearby schools include Columbus Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 419 Salem Street is a 6-bed, 4-bath, 3,714 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Hallmark, Vahik Beglarian, DRE #00941552; Coldwell Banker Hallmark, Shalita Dergazarian, DRE #01087355

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.