Bungalow

720 Salem Street

Glendale , CA 91203

MLS#: 25559697

$3,200,000

Status: Active
Listing number: 25559697
Listing provided by: Tosti Incorporated
Listing agent phone: None
Last update: 21 days ago
On site: 29 days ago
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Property

Beds

16

Full Baths

None

1/2 Baths

None

Year Built

1950

Sq.Footage

6,680

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.

Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    On Street

  • Patio and Porch Features

    None

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.3623

  • Property Type

    Residential Income

  • Architectural Style

    Bungalow

Price

  • Sales Price

    $3,200,000

  • Sq. Footage

    6, 680

  • Price/SqFt

    $479

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Other

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Arash Salehpour , Tosti Incorporated

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(818) 321-0175

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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.

720 Salem Street

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