720 Salem Street, Glendale, CA 91203
- $3,200,000
- 16
- BD
- 16
- BA
- 6,680
- SqFt
- Sold Price
- $3,200,000
- List Price
- $3,200,000
- Closing Date
- Feb 18, 2026
- Status
- CLOSED
- MLS#
- 25559697
- Year Built
- 1950
- Bedrooms
- 16
- Bathrooms
- 16
- Living Sq. Ft
- 6,680
- Lot Size
- 15,782
- Acres
- 0.36
- Days on Market
- 165
- Property Type
- Multifamily
- Style
- Bungalow
- Stories
- One Level
Property 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.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- View
- None
- Sewer
- Other
- Pets
- No - Pets Not Allowed
- Attached Structure
- Detached
- Number Of Units Total
- 16
Listing courtesy of Listing Agent: Arash Salehpour (arashsaleh798@gmail.com) from Listing Office: Tosti Incorporated.
Listing sold by Pakrad Markarian from Remax Optima
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.