Sheida Rezazadeh
Keller Williams R. E. Services
(747) 307-5722
20 Total Sales
1 in Vineyard
$680,000 Price
720 Salem St Glendale, CA 91203
Vineyard Neighborhood
16
Beds
16
Baths
6,680
Sq Ft
0.36
Acre Lot
Highlights
- 0.36 Acre Lot
- Tankless Water Heater
- 1-Story Property
- Laundry Room
- Bungalow
About This Home
As of February 20266.15% 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
Tosti Incorporated License #02213984 Listed on: 07/01/2025
Last Buyer's Agent
Pakrad Markarian
License #00952259
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 15,782 Sq Ft 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2025
Closed on
Jan 29, 2026
Sold by
Bought by
Seller's Agent
Arash Salehpour
Tosti Incorporated
Buyer's Agent
Pakrad Markarian
List Price
$3,200,000
Sold Price
$3,200,000
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,985,369
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Vineyard, CA
-
Sheida Rezazadeh
-
Shokoh Nasad
Shokoh Nasad
Keller Williams Beverly Hills
(424) 672-3870
36 Total Sales
1 in Vineyard
$1,065,000 Price
-
Armando Arenas
Armando Arenas
GEORGE MICHAEL REALTY
(562) 454-0391
42 Total Sales
1 in Vineyard
$1,075,000 Price
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
167 Total Sales
1 in Vineyard
$3,300,000 Price
-
Arthur Ambarchyan
Arthur Ambarchyan
Responds QuicklyKeller Williams R. E. Services
(747) 271-1402
79 Total Sales
4 in Vineyard
$1.2M - $7.5M Price Range
-
'Vic' Vartan Markarian
'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
5 in Vineyard
$630K - $1.4M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,200,000 | Chicago Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,000,000 | ||
| Previous Owner | $1,200,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $775,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $15,157 | $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
-
Arash Salehpour
A
Seller's Agent in 2026
Arash Salehpour
Tosti Incorporated
(310) 567-8883
1 in this area
1 Total Sale
-
P
Buyer's Agent in 2026
Pakrad Markarian
Map
Source: The MLS
MLS Number: 25559697
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.
© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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