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720 Salem Street, Glendale, CA 91203
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$3,200,000
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Home Details for 720 Salem Street
Price
$3,200,000
Type
other
Bedrooms
16
Total Bathrooms
16
Year Build
1950
Sq. Ft.
6680
Lot Size
0.3623
County
Los Angeles
MLS®️ Listing#
25559697
On exitrealty.com
137 days
Property Description
7.34% 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.
- Heating Information
- Wall Furnace
- Parking
- On Street
- Fire Place
- None
Listing Courtesy: Tosti Incorporated - 310-567-8883
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-11 16:00:29 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$3,200,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.