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$3,200,000
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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.
Full Property Details
Full Property Details for 720 Salem St
General
- Sold For: $3,200,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25559697
- Added to Site: 244 day(s) ago
Interior
- Interior Features: None
- Cooking Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 16
Other Rooms
- Laundry: Laundry Area
Additional Information
- Shared Amenities: None
- Pool Description: None
- Spa Description: None
- Security/Safety: None
- Other Features: None
Exterior
- Deck/Patio: None
Parking
- Garage Description: On street
Location
- Area: Glendale-South of 134 Fwy
- County: Los Angeles
- Driving Directions: From the 134 Freeway, exit Brand Blvd and head north. Turn right on Salem Street. Property is located between Riverdale Dr and Milford St on the north side of the street.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Wall
Utilities
- Sewer: In Street
- Water: Public
- Trash: 5244
Structural Information
- # Buildings: 1
- Architectural Style: Bungalow
- Basement Desc.: None
- Foundation: None
- Disability Access: None
- Entry Location: Main Level
- Stories/Levels: 1
- Square Feet: 6,680
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1950
- Year Built Source: Vendor Enhanced
- Other Struct. Feat.: Full Copper Plumbing
Unit Information
- Units in Complex: 16
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
Unit 5
- Total Bathrooms: 1
Unit 6
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.3623
- Lot Size: 15782
- Lot Size Source: Vendor Enhanced
- Irrigation System: None
- Lot Features: None
- Zoning: GLR4P*
Financial Considerations
- Price Per Sq. Ft.: $479.04
- Assessment Year: 1950
- Owner Pays: Water
- Tenant Pays: Gas, Electricity
- Pays Electric: 13200
- Pays Trash: 5244
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5638-006-007
Listed by Tosti Incorporated, Arash Salehpour
Sold by Remax Optima, Pakrad Markarian
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Schools
Schools serving 720 Salem St
School District:Glendale Unified School District
| Name | Grades | Distance |
|---|---|---|
Columbus Elementary School 425 West Milford Street, Glendale, CA 91203 | PK-5 | 0.5 mi |
Eleanor J. Toll Middle School 700 Glenwood Road, Glendale, CA 91202 | 6-8 | 1.1 mi |
Herbert Hoover High School 651 Glenwood Road, Glendale, CA 91202 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 Salem St
Date
Details
Price
Change
Source
2/18/2026
Sold
$3,200,000
—
MLS
7/01/2025
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
720 Salem St, Glendale, CA 91203 (MLS# 25559697) is a Multi-Family property that was sold at $3,200,000 on February 18, 2026. Want to learn more about 720 Salem St? Do you have questions about finding other Multi-Family real estate for sale in Glendale? You can browse all Glendale real estate or contact a Coldwell Banker agent to request more information.

