720 Salem Street Glendale, CA ^$ 3,200,000

720 Salem Street

^$ 3,200,000

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720 Salem Street

Glendale, CA, 91203

^$ 3,200,000

Studio Baths0.0 Sq 6,680

Monthly Estimate*

^$ 19,964

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

720 Salem Street, Glendale, CA 91203 - Image 6

Studio

Multi-Family Home for sale in Glendale, CA

for $3,200,000. This 6,680 square foot home was built in 1950 on a lot size of 0.36.

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.

Multi-Family Active

Price

^$ 3,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.36

Year Built

1950

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

0025559697

Features

General

Living Area 6680.0

Heating Wall Furnace

Zoning GLR4P*

Architectural Style Bungalow

Year Built 1950

Tenant Pays Electricity Gas

Levels One

Accessibility Other

County Los Angeles

Net Operating Income 196428.0

New Construction No

Property Type C

HOA No

Status Active

City Glendale

Entry Location Main Level

Senior Community Y/N No

MLS Area 628 - Glendale-South of 134 Fwy

Lot Size Units Square Feet

Lot Size Square Feet 15782.0

Land Lease Y/N No

Electric Expense 13200.0

Trash Expense 5244.0

Structure Type None

Standard Status Active

Taxes 38400.0

Exterior

Fencing None

Parking Features Street

Water Source None

Lot Size Area 15782.0

Spa No

Pool Y/N? No

Building Area Total 6680.0

Lot Size Acres 0.36

Land Lease Type Fee

Interior

Kitchen Appliances None

Total Stories 1

Heating Y/N Yes

Fireplace Y/N No

Laundry Features None

Total Baths 0

* Excluded Features

List By

Arash Salehpour

Listing Agent

Tosti Incorporated

Broker

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$19,964

Per Month

Monthly Principal & Interest: $19,964
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% 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

Multi-family listings in Glendale, CA

Average List Price ^$3,685,851

Percent of Sale Price 15%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/3/2025	$3,200,000		Listed Price

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720 Salem Street, Glendale, CA, 91203 is a Multi-Family Home for sale at $3,200,000 with 6,680 sqft and a lot size of 0.36. 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 6.375% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 10/16/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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720 Salem Street

Multi-Family Home for sale in Glendale, CA

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