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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Courtesy of Tosti Incorporated. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.720 Salem Street
Glendale, CA
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