720 Salem St Active Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91203
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,680 sqft
Price per Sqft $479
MLS Listing ID 25559697
Style Bungalow
Bedrooms 16
Year Built 1950
Lot Size 0.362 Acres
Acres 0.3623
Property Sub-Type Multi-Family
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 Glendale-South Of 134 Fwy
Zoning GLR4P*
Rooms
Other Rooms None
Interior
Interior Features None
Heating Wall
Cooling Window Unit(s)
Fireplaces Type None
Equipment None
Laundry Laundry Area
Exterior
Parking Features On street
Pool None
Amenities Available None
Waterfront Description None
View Y/N No
View None
Handicap Access None
Building
Story 1
Foundation None
Sewer In Street
Water Public
Architectural Style Bungalow
Level or Stories One
Others
Special Listing Condition Standard
Pets Allowed No