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About the Listing CLW-X83369 - CLW-C142138
6.3% CAP Rate. 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% increase added to rent in October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.
Listing Highlights for 720 Salem St
Status
Active
Days on Site
67
Property Type
Multi-Family
MLS ®
25559697
Year Built
1950
Total Square Footage
6,680
Lot/Acreage
0.36
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: GLR4P*
- Roof:
- Others: 2+ Total Units
- Sewer: Other
- Parking Features: Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5638006007
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
720 Salem St Glendale, CA 91203
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