6.3% CAP Rate. 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% increase added to rent in October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.
Property Details
Price:
$3,200,000
MLS #:
25559697
Status:
Active
Baths:
0
Address:
720 Salem Street
Type:
Residential Income
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Jul 1, 2025
State:
CA
ZIP:
91203
Lot Size:
15,782 sqft / 0.36 acres (approx)
Year Built:
1950
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Schools
Interior
Appliances
None
Heating
Wall Furnace
Exterior
Architectural Style
Bungalow
Parking Features
Street
Parking Spots
0.00
Financial
Map
Community
- Address720 Salem Street Glendale CA
- Area628 – Glendale-South of 134 Fwy
- CityGlendale
- CountyLos Angeles
- Zip Code91203
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720 Salem Street
Glendale, CA
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