$3,200,000
SOLD FEB 18, 2026

720 Salem St Glendale, CA 91203

Vineyard Neighborhood
16 Beds
16 Baths
6,680 Sq Ft
15,782 Sq Ft Lot

Recently Sold

$479 Per Sq Ft

170 Days on Market

Highlights

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

About This Home

As of February 2026

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.

Last Agent to Sell the Property

Arash Salehpour

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

Last Buyer's Agent

Pakrad Markarian

License #00952259

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

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5638-006-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.36 Acres

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
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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
02/18/2026 02/18/26 Sold $3,200,000 0.0% $479 / 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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,130 $1,306,245 $699,119 $607,126
2024 $15,130 $1,280,633 $685,411 $595,222
2023 $14,806 $1,255,523 $671,972 $583,551
2022 $14,560 $1,230,906 $658,797 $572,109
2021 $14,293 $1,206,772 $645,880 $560,892
2019 $13,774 $1,170,980 $626,724 $544,256
2018 $13,437 $1,148,021 $614,436 $533,585
2016 $12,750 $1,103,444 $590,578 $512,866
2015 $12,503 $1,086,870 $581,707 $505,163
2014 $12,500 $1,065,581 $570,313 $495,268
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2026

    Arash Salehpour

    Tosti Incorporated

    (310) 567-8883

    1 in this area

    1 Total Sale

    Arash Salehpour
    Section Image

  • P

    Buyer's Agent in 2026

    Pakrad Markarian

See All Agents

Map

Source: The MLS

MLS Number: 25559697

The MLS
California Los Angeles County Glendale 91203 Vineyard

720 Salem St, Glendale, CA

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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