720 Salem ST Active

Glendale,CA 91203

$ 3200000

16 Beds

16 Baths

6680 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,680 sqft

Price per Sqft $479

MLS Listing ID 25559697

Bedrooms 16

Year Built 1950

Lot Size 0.362 Acres

Property Description

6.3% CAP Rate. 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% increase added to rent in October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4P*

Interior

Heating Wall Furnace

Fireplaces Type None

Exterior

Parking Features On Street

Pool None

View Y/N No

View None

Building

Story 1

Sewer Other

New Construction No

Others

Special Listing Condition Standard

Pets Allowed No

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