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720 Salem Street, Glendale, CA 91203

Glendale
Local realty services provided by:CENTURY 21 Allstars
720 Salem Street,Glendale, CA 91203
$3,200,000
  • 16 Beds
  • 16 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: arash salehpour
Office: tosti incorporated
MLS#:25559697
Source:CRMLS

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Price summary

  • Price:$3,200,000

About this home

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.

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Home facts

  • Year built:1950
  • Listing ID #:25559697
  • Added:270 day(s) ago
  • Updated:March 29, 2026 at 06:20 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1950
  • Architectural Style:Bungalow
  • Levels:1 Story

Finances and disclosures

  • Price:$3,200,000

Parking

  • Parking description:On Street
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