720 Salem Street Glendale, CA ^$ 3,295,000

720 Salem Street

^$ 3,295,000

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720 Salem Street

Glendale, CA, 91203

^$ 3,295,000

Studio Baths0.0 Sq 6,680

Monthly Estimate*

^$ 23,017

Listed by REALTY MASTERS & ASSOCIATES

720 Salem Street, Glendale, CA 91203 - Image 1

720 Salem Street, Glendale, CA 91203 - Image 2

720 Salem Street, Glendale, CA 91203 - Image 3

720 Salem Street, Glendale, CA 91203 - Image 4

720 Salem Street, Glendale, CA 91203 - Image 5

Studio

Commercial Property for sale in Glendale, CA

for $3,295,000. This 6,680 square foot building was built in 1950 on a lot size of 0.3623.

Glendale Multi-unit for sale, 16 single story bungalow style units. All fully leased, under market value. Huge upside for the right investor.

Commercial Active

Price

^$ 3,295,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MultiFamily

Lot Size

0.3623

Year Built

1950

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

CV24045059

Days on Market

Features

Exterior

Lot Features Item1620UnitsAcre CornerLot

Water Source Public

Lot Size Area 15782.0

Spa N

Building Area Total 6680.0

Lot Size Acres 0.3623

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1950

Property SubType MultiFamily

County Los Angeles

Net Operating Income 173184.0

Operating Expense 57276.0

Insurance Expense 7536.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Near San Fernando Rd and Broadway

City Glendale

View Y/N N

Senior Community Y/N N

Total Units 13

MLS Area 628 - Glendale-South of 134 Fwy

Lot Size Square Feet 15782.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Salem

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 19020.0

Home Warranty Y/N N

Trash Expense 6720.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Tenant

Property Sub Type Additional MultiFamily

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 720

* Excluded Features

List By

Realty Masters & Associates

Broker

(909) 303-4500

Phone

Affordability Calculator

$23,017

Per Month

Monthly Principal & Interest: $23,017
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Glendale, CA

Average List Price ^$2,022,429

Percent of Sale Price 39%

About Glendale, CA

199,017 Population

2% Since 2002

^$61,015 Median Income

42.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2024	$3,295,000		Listed Price

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720 Salem Street, Glendale, CA, 91203 is a Commercial Property for sale at $3,295,000 with 6,680 sqft and a lot size of 0.3623. 720 Salem Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 91203 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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720 Salem Street

Commercial Property for sale in Glendale, CA

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