REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,200,000
Est. payment /mo
Active
720 Salem Street Glendale, CA 91203
6,680 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,680 sqft
Price per Sqft $479
MLS Listing ID CL25559697
HOA Y/N No
Year Built 1950
Lot Size 0.362 Acres
Acres 0.36
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Zoning GLR4
Interior
Heating Wall Furnace
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Building
Sewer Other
Water Other
New Construction No
Others
Tax ID 5638006007
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Arash Salehpour • Tosti Incorporated