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Sold on 12/18/2025
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720 Salem St, Glendale, CA 91203

  • $3,200,000

    Last sold 12/18/2025 after 169 Days

  • 16

    bed

  • 16

    bath

  • 6,680

    Sqft ($479/Sqft)

Multi-family not for sale
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About 720 Salem St

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Lot size 0.36 Acre
Property description
6.15% CAP Rate (updated rate after October increase) . 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% added to rent from starting October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.
Listed by
Listing Agent - Arash Salehpour
Listing Office - Tosti Incorporated
Source: The MLS mls logo
MLS#25559697 • last updated 4 months ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style One
MLS # 25559697
Type Residential Income
Status Sold
SqFt 6680
Lot Size (SqFt) 15782
Lot Size (Acres) 0.3623
Year Built 1950
Interior
Total # of Baths 16
Total # of Bedrooms 16
Fireplace Desc None
Appliances None
Interior Features None
Accessibility Features None
Exterior
Foundation None
Parking Desc On Street
Patio None
Add'l Structures None, Full Copper Plumbing
Lot Location None
Amenities / Utilities
Sprinklers None
Water Public
Sewer/ Septic In Street
Water Heater Tankless
Equipment None
HOA Amenities None
Pets Allowed No
Pool None
Location
County Los Angeles
Waterfront None
View None
Zoning GLR4P*
APN 5638-006-007
Multifamily Details
Tenant Pays Gas, Electricity
Unit 5: # Baths 1, 1
Unit 3: Furnished No
Unit 1: Furnished No
Unit 6: Furnished No
Unit 4: Furnished No
Unit 5: Furnished No
Unit 3: Projected Rent 1400
Unit 1: Projected Rent 1600
Unit 1: # Beds 1
Unit 1: Rent 1512
Unit 2: Rent 1485
Unit 3: Rent 1361
Unit 4: Rent 1361
Unit 5: Rent 1300
Unit 6: Rent 1350
Owner Pays Water
Unit 2: Furnished No
Unit 2: Projected Rent 1550
Unit 6: Projected Rent 1450
Unit 5: Projected Rent 1400
Unit 4: Projected Rent 1400
Unit 3: # Beds 1
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 1361
Unit 2: Actual Rent 1485
Unit 3: Actual Rent 1361
Unit Type 2106, 2107, 2108, 2109, 2110, 2111
Unit 5: Actual Rent 1300
Unit 6: Actual Rent 1350
Unit 1: Actual Rent 1512
Total # Of Buildings 1
Total Rent 21365
Expense: Management 24000
Expense: Trash 5244
Net Operating Income 196428
Laundry Income 1743
Annual Rent 256380
Cap Rate 6.14
Gross Income 278112
Gross Operating Income 258123
Expense: Electricity 13200
Gross Rent Multiplier 12.48
Expense: Gas 840
Total Annual Expenses 81684
  • Feb 2026
    mls logo MLS # 25559697
  • Feb 18, 2026 Sold
    $3,200,000
  • Dec 18, 2025 Pending
    —
  • Dec 18, 2025 Active
    —
  • Jul 1, 2025 Listed
    $3,200,000 (-2.9%)
  • Jan 2025
    mls logo MLS # CV25020694
  • Jan 28, 2025 Listed
    $3,295,000
  • 720 Salem St
    $3.2M
  • Vineyard
    $812K -16% y/y
  • 91203
    $725K +11% y/y
  • Glendale
    $999K -20% y/y
No chart available
Statistics calculated by Movoto

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4/10
Columbus Elementary School
public Grades K-5
Glendale Unified School District
6/10
Eleanor J. Toll Middle School
public Grades 6-8
Glendale Unified School District
7/10
Herbert Hoover High School
public Grades 9-12
Glendale Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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