$3,200,000

720 Salem Street, Glendale, CA 91203

  • 16 beds |
  • 16 baths |
  • 6,680 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $479/sqft
  • Property List Date Icon Listed 7 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:
Pending
Date Added:
July 1, 2025
Data Last Updated:
February 15, 2026 at 10:19PM
Listing Office:
Tosti Incorporated : 310-567-8883
Listing Agent:
Arash Salehpour : 310-567-8883
MLS ID:
25559697
  • Heating: Wall Furnace
  • Fireplace: None
  • Disability Feature: None
  • General: None
  • Style: Bungalow
  • Other Structures: None
  • Pool: None
  • Parking: On StreetParking spaces: 0
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: GLR4P*5638006007
  • View: None
  • Sewer: Other
  • Source: CRMLS_CL

This listing courtesy of Arash Salehpour , Tosti Incorporated

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

C

Columbus Elementary School

425 Milford St, Glendale, CA, 91203

Grades PK-5

0.60 miles away

J

Jewel City Community Day

440 W Lomita Ave, Glendale, CA, 91204

Grades 7-10

1.12 miles away

D

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.