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Listed by: Arash Salehpour DRE #02213984 | Tosti Incorporated (310) 567-8883
$3,200,000
16 Beds
16 Baths
6,680sqft
720 Salem St, Glendale, CA 91203
$3,200,000
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Multi Family
Built in 1950
$-- HOA
15,782 sqft lot
$479/sq.ft
Description
6.15% CAP Rate (updated rate after October increase) . 16-unit bungalow-style apartment building situated on a large lot in prime Glendale. Listing price is under market value, offering strong upside potential for the right investor. All units are fully leased on month-to-month terms, allowing flexibility for repositioning. Property features classic California bungalow charm with potential to add private patios. Great unit mix and solid income-producing asset in a high-demand rental market. Close to schools, shopping, and transportation. 8% added to rent from starting October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.
- Houzeo last checked: 42 Minutes ago
- Listing updated: December 3, 2025 at 11:28 pm
- Source: California Regional MLS-CA | MLS#: 25559697
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
6,680 sqft
Lot Size
15,782 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25559697
MLS Status
Active
Days on Market
157
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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