$3,200,000
PENDING

720 Salem St Glendale, CA 91203

Vineyard Neighborhood

Estimated payment $19,916/month

Total Views 4,082
16 Beds
16 Baths
6,680 Sq Ft
$479 Price per Sq Ft

Highlights

  • 0.36 Acre Lot
  • Laundry Room
  • Bungalow
  • Herbert Hoover High School Rated A-
  • Tankless Water Heater
  • 1-Story Property

About This Home

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.

Listing Agent

Arash Salehpour

Tosti Incorporated License #02213984 Listed on: 07/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.36 Acre Lot

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Copper Plumbing

Interior Spaces

  • 6,680 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • 16 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5638-006-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Entry Location: Main Level
  • Living Area: 6680
  • Lot Acreage: 0.3623
  • Stories: 1
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Laundry: Laundry Area
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 479.04

Exterior Features

  • Other Features: Full Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Water Heater: Tankless
  • Cooling: Window Unit(s)
  • Electric Expense: 13200.00
  • Heating: Wall
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 840.00
  • Management Expense: 24000.00
  • Trash Expense: 5244.00

Lot Info

  • Assessed Improvement Percent: 46.48
  • Assessed Improvement Value: 595222
  • Assessed Land Percent: 53.52
  • Assessed Land Value: 685411
  • Total Assessed Value: 1280633
  • Assessor Parcel Number: 5638-006-007
  • Lot Size Area: 15782

Rental Info

  • Total Actual Rent: 21365.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: No
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 12.48
  • Number Of Units: 16
  • Type Of Units: 16 Apartment

Tax Info

  • Tax Expense: 38400.00

Map

Range of Values:

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Value Increase
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2025 12/18/25 Pending -- -- --
07/01/2025 07/01/25 For Sale $3,200,000 -- $479 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25559697

The MLS
California Los Angeles County Glendale 91203 Vineyard

720 Salem St, Glendale, CA

Pending

MultiFamily

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Nearby Homes
Listing Agent
Arash Salehpour
Section Image
Tosti Incorporated
(747) 269-6805