720 Salem Street, Glendale, CA 91203

Local realty services provided by:ERA Excel Realty
720 Salem Street,Glendale, CA 91203
$3,200,000
  • 16 Beds
  • 16 Baths
  • 6,680 sq. ft.
  • Multi-family
  • Active
Listed by: arash salehpour
Office: tosti incorporated
MLS#:25559697
Source:CRMLS

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$479.04

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:136 day(s) ago
  • Updated:November 15, 2025 at 03:20 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Living area:6,680 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1950
  • Building area:6,680 sq. ft.
  • Lot area:0.36 Acres

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$479.04
Based on information from California Regional Multiple Listing Service, Inc. as of November 15, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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