647 Salem Street, Glendale CA, 91203

Sold

647 Salem Street

Glendale CA, 91203

$2,000,000

$617.28 per sqft

Sold

3,240 sqft

Commercial

Built in 1961

Listed by Arthur Mangassarian with Re/Max Tri-City Realty 818-409-0040

We are proud to offer 647 SALEM ST. The property is 6 units all one bedroom, one bath with 6 parking space in the back. Ownership has been maintaining this property for the last 30+ years with long tenancy. This suburban neighborhood is centrally located in heart of
Glendale's rental area and is convenient to some of Los Angeles' most popular destinations including Griffith Park, Burbank, and Downtown Los Angeles. Highway 134 allows residents to travel across Los Angeles County with ease. Neighborhood provides residents with plenty of amenities and is
directly adjacent to Downtown Glendale, giving residents easy access to restaurants and stores, including Glendale Galleria and The Americana. Buyer has opportunity to increase the rents, with the possibility to build a ADU on top of the garages. Seller will not accept all cash offer. Seller needs to
carry the whole financing at reasonable and competitive rates for 10 years with about 25% down payment. Buyer will have a better cash flow and will have enough time to increase the rents. SUBMIT ALL OFFERS WITH VOD AND BUYER FINANCIAL.

GD22197509

MLSⓇ ID

September 5, 2022

Listed

March 23, 2024

Updated

Map

647 Salem Street
Glendale CA, 91203

Interior Features

Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: Level, Rectangular Lot, Street Level

Other Property Details

Area Name: 628 - Glendale-South of 134 Fwy
Days on Market: 11
Garage: No
Parking Total: 6
View: No
County: Los Angeles
Water Source: Public
Pool: No
Buyer Agency Compensation: 2.5%

Listing Contact: 818-409-0040

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:37 AM UTC