$2,000,000
$2,000,000
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647 Salem ST Glendale, CA 91203
7,021 Sqft Lot
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD22197509
Sold Date 10/31/22
HOA Y/N No
Year Built 1961
Lot Size 7,021 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Fireplace No
Laundry Laundry Room
Exterior
Total Parking Spaces 6
Building
Lot Description Level, Rectangular Lot, Street Level
Water Public
Others
Tax ID 5638019015
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Financing Seller Financing
Special Listing Condition Standard
Lease Land No
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Bought with Arthur Mangassarian • Re/Max Tri-City Realty