720 Salem Street, Glendale, CA 91203 - Berkshire Hathaway HomeServices California Properties

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.

Property type: (Multi-Family)

Status: Active

MLS# 25559697

List price is $3,200,000

Beds: 16

Baths: 16

None fireplaces

Built in 1950

6,680 sqft

1 story

0.36 acres

Lot size: 0.3623

County: Los Angeles

Property style: Bungalow

Zoning: GLR4P*

Parking description: On Street

Heating description: Wall Furnace

MLS area: 628 - Glendale-South of 134 Fwy

Pets Allowed: No

Last Updated: 7/2/2025

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This listing belongs to the 628 - Glendale-South of 134 Fwy MLS area

The style of this listing is Bungalow.
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Lat/Long: 34.148583, -118.270844.
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Listing Agent: Arash Salehpour
Lic#: 01276603
Office Name: Tustin

No schools were found in the area

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National: