720 Salem ST Active Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91203
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