720 Salem Street

Glendale, CA 91203

  • 16 Bed(s)
  • 0 Bath(s)
  • 6,680 Sqft
  • 15782
    Sqft(Lot)
$3,200,000

Description

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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Bungalow

  • AD ID

    50317266

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Water/Sewer

    • Sewer : Other

    Interior Features

    • Fireplace: None

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1950
    • Building Area Total: 6,680

    Accessibility Features

    • None

    Pool Features

    • None

    Patio And Porch

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3623
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 15782

  • Listing Price Information

    • Original List Price: 3,200,000
    • Listing Contract Date: 2025-07-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5638006007

  • Garage and Parking

    • Garage Description: On Street

    Homeowners Association

    • Pets Allowed: No

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 628 - Glendale-South of 134 Fwy
    • Postal Code Plus 4: 2462
    • Directions: From the 134 Freeway, exit Brand Blvd and head north. Turn right on Salem Street. Property is located between Riverdale Dr and Milford St on the north side of the street.
    • Zoning: GLR4P*
    • Source Property Type: Residential Income
    • Area: 628 - Glendale-South of 134 Fwy

    Building and Construction

    • Property Age: 75
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 6680
    • Entry Location: Main Level
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/26/2025 @ 05:01

  • MLS: 25559697
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 6,680 sqft, 15,782 sized lot, and 0 parking. are nearby neighborhoods.