Sold for $3,200,000

$3,200,000

720 Salem St, Glendale, CA 91203

16beds

16baths

6,680sqft

Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$479/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

Owner options

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What's special

Large lot

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 16

Heating

Wall

Cooling

Window Unit(s)

Appliances

Included: No Cooking Appliances, Tankless Water Heater
Laundry: Laundry Area

Features

None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 6,680
Total interior livable area: 6,680 sqft

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Entry location: Main Level
Patio & porch: None
Pool features: None
Spa features: None
Has view: Yes
View description: None
Waterfront features: None

Lot

Size: 0.36 Acres

Details

Additional structures: None
Parcel number: 5638006007
Zoning: GLR4P*
Special conditions: Standard
Other equipment: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow
Property subtype: Multi Family

Materials

Foundation: None

Condition

Year built: 1950

Utilities & green energy

Sewer: In Street
Water: Public

Community & neighborhood

Security

Security features: None

Location

Region: Glendale

HOA & financial

Other financial information

Total actual rent: 21365

Price history

Date	Event	Price
2/18/2026	Sold	$3,200,000$479/sqft
Source: CLAW #25559697 Report a problem
12/28/2025	Pending sale	$3,200,000$479/sqft
Source: CLAW #25559697 Report a problem
12/26/2025	Contingent	$3,200,000$479/sqft
Source: CLAW #25559697 Report a problem
7/1/2025	Listed for sale	$3,200,000$479/sqft
Source: CLAW #25559697 Report a problem