720 Salem Street, Glendale, CA 91203

About this property

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 description from the February 2026 sale, as reported to CRMLS.

Sale history

$3,200,000

Sold February 2026 · on market July 2025 · MLS #25559697 · Source: CRMLS

Listing Agent: Arash Salehpour · Listing Office: Tosti Incorporated · Contact: 310-567-8883 · Bought with: Pakrad Markarian · Remax Optima

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