$3,200,000

720 Salem Street, Glendale, CA 91203

6,680 sqft

other
Built in 1950
0.36acre lot
—— car garage
$479/sqft
Listed 5 months ago

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.

Listing Status:: Active
Date Added:: July 1, 2025 at 05:00AM
Listing Office:: Tosti Incorporated : 310-567-8883
Listing Agent:: Arash Salehpour : 310-803-6078
MLS ID:: CL25559697

Heating: Wall Furnace

Parking: On Street

Originating MLS: CRMLS
County: Los Angeles

Zoning: GLR45638006007
View: None

Utilities: Other Water/Sewer
Water: Other
Sewer: Other

Source: CRMLS

This listing courtesy of Arash Salehpour, Tosti Incorporated

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Columbus Elementary School

425 Milford St, Glendale, CA, 91203

Grades PK-5

0.60 miles away

Jewel City Community Day

440 W Lomita Ave, Glendale, CA, 91204

Grades 7-10

1.12 miles away

Daily (Allan F.) High (Continuation)

220 N Kenwood St, Glendale, CA, 91206

Grades 9-12

1.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.