About 720 Salem Street
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.
Features of 720 Salem Street
| MLS® # | 25559697 |
|---|---|
| Price | $3,200,000 |
| Bedrooms | 3 |
| Bathrooms | 6.00 |
| Square Footage | 6,680 |
| Lot Size | 15,782 |
| Year Built | 1950 |
| Type | Residential Income |
| Style | Bungalow |
| Status | Active |
| # Of Units | 16 |
Community Information
| Address | 720 Salem Street |
|---|---|
| Area | 628 - Glendale-South of 134 Fwy |
| City | Glendale |
| County | Los Angeles |
| Zip Code | 91203 |
Amenities
| Parking | On Street |
|---|---|
| Garages | On Street |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | July 1st, 2025 |
|---|---|
| Days on Market | 159 |
| Zoning | GLR4P* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Arash Salehpour |
|---|---|
| Office | Tosti Incorporated |